Sydney leads high-rise construction boom

Tuesday 31 May 2016

Yesterday’s dwelling approvals data from the ABS reported a big rebound in unit & apartment approvals, which have risen by 5.3% over the past quarter in trend terms (see next chart)

To add more colour to this series, I have plotted the breakdown of approvals by type for each of the states and territories, which are presented below in rolling annual terms to smooth volatility.

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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.