Sydney leads high-rise construction boom

Wednesday 3 August 2016

Tuesday’s dwelling approvals data from the ABS reported a trend decrease in unit & apartment approvals, although they still rose by 1.2% over the June quarter in trend terms and exceed detached house approvals (see next chart).

To add more colour to this series, I have once again 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.