Residential approvals and crane count hits record levels
Over the last twelve months residential approvals have hit a record 235,000 of which 73,000 approvals have been in apartment buildings four-or-more stories high. This is consistent with the 525 residential construction cranes which now tower over Sydney, Melbourne and Brisbane, mainly for high-rise apartments.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
