High-rise apartment boom rolls over

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By Leith van Onselen

There high-rise apartment boom that has propelled the current record dwelling construction cycle appears to be fading, with Monday’s dwelling approvals data, released by the ABS, showing falling growth across all major centres.

The below chart summarises the situation:

ScreenHunter_12789 May. 04 15.33

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.