High-rise apartment approvals are retracing

Wednesday 3 October 2018

Yesterday’s dwelling approvals data for August from the ABS reported a 1.9% monthly trend decline in unit & apartment approvals:

At the capital city level, which is presented in rolling annual terms since it isn’t seasonally adjusted, dwelling approvals across all major markets have fallen from their most recent highs:

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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.