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1.Market Observations, 8.Was Sticky

10 Jan 2018 (AFR) – Building approvals rise 11.7pc in November, beating expectations of 1pc decline

(10 January 2018, AFR, p5, by Duncan Hughes)

Residential building approval volumes

Residential building approval volumes

‘A surge in Melbourne apartment approvals helped push Victorian building approvals to record highs during November, despite signs of slowing in other sectors and regions around the nation, according to the latest government numbers. Oversupply, tougher lending conditions and patchy economic results are expected to slow approvals in coming months, particularly in the crowded high-rise sector where predicted over-supply could pressure prices, according to analysts.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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