Apartment approvals rebounded in April

Tuesday 30 May 2017

The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of April. At the national level, the number of dwelling approvals rose by a seasonally adjusted 4.4% to 17,414. The overall increase was broad-based, with both unit & apartment approvals (+9.6%) and detached house approvals (+0.5%) both rising.

In the year to April 2017, dwelling approvals fell by a seasonally-adjusted 17.2%, with unit & apartment approvals down by 26.5% and detached house approvals down by 7.5%:

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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.