High-rise construction is about to collapse

Monday 4 May 2020

The Australian Bureau of Statistics (ABS) yesterday released its dwelling approvals data for March, which recorded a modest trend rebound in apartment approvals:

However, apartment approvals remained 37% below their June 2016 peak.

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