High-rise apartment crash gathers pace

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By Leith van Onselen

Yesterday, the ABS released dwelling approvals data for January, which revealed that apartment approvals have crashed by 53% since their May 2016 peak:

To add further colour, below are charts plotting 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.