High rise apartment construction to collapse

Thursday, 2 July 2020

The Australian Bureau of Statistics (ABS) yesterday released its dwelling approvals data for April, which recorded a heavy 35% monthly fall in apartment approvals:

Apartment approvals were also 69% below their November 2017 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.