Thanks HomeBuilder:
October key figures Oct 20 Sep 20 to Oct 20 Oct 19 to Oct 20 no. % % Seasonally adjusted Total dwelling units approved 16 584 3.8 14.3 Private sector houses 10 692 3.1 31.7 Private sector dwellings excluding houses 5 529 6.2 -10.6
I have no idea why anybody would build apartments now given they are mainly for Chinese imports that are not coming back but the segment is volatile so maybe it’s just noise:
It makes a bit more sense when we break it up by state:
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