Australia’s high-rise apartment crash turns apocalyptic

On Tuesday, the Australian Bureau of Statistics (ABS) released its dwelling approvals data for August, which revealed that dwelling approvals nationally have crashed by 33% in trend terms from the March 2015 peak, driven by a mammoth 51% decline in unit and apartment approvals:

Today, I want to focus on the high-rise apartment segment, which is driving the bust and is also the subject of deep concerns around quality.

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