The great high-rise apartment bust rolls on

Friday 10 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.

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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.