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1.Market Observations, 8.Was Sticky

31 Aug 2019 (AFR) – New apartment approvals fall to seven-year low in July

(31 August 2019, AFR, p5, Michael Bleby, Senior Reporter)

‘New apartment approvals fell to their weakest monthly total in seven years in July, as developers held back applications for new projects at a time of depressed demand for off-the-plan apartments, pulling total new dwelling approvals down 9.7 per cent. The 19.6 per cent slump in approvals of new apartments, townhouses and semi-detached dwellings cut the monthly total to 4573 from 5690 in June and was the weakest monthly reading since July 2012.’

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