The great high-rise apartment bust rolls on

Thursday 9 January 2020

On Wednesday, the Australian Bureau of Statistics (ABS) released its dwelling approvals data for November, which recorded a modest rebound in apartment approvals:

However, apartment approvals remained 48% below their June 2016 peak.

Today, I want to focus on the high-rise apartment segment, which has driving the apartment bust.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.