East Coast highrise approvals continue to unwind

Tuesday 30 May 2017

Yesterday’s dwelling approvals data for April from the ABS reported a stabilisation in unit & apartment approvals following recent sharp falls:

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.