High-rise approvals bust takes a quick breather

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By Leith van Onselen

Yesterday, the ABS released dwelling approvals data for February, which revealed that apartment approvals rebounded marginally, albeit remained down 42% 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.