Dwelling approvals boomed in March ahead of the scheduled end of the Morrison Government’s HomeBuilder subsidy.
Total approvals rocketed by 17.4% in March to be 47.4% higher over the year. The rise was driven by units & apartments, which surged 63.4% in March whereas house approvals only rose 0.1%.
However, houses led approvals over the year, lifting 60.9% versus a 27.4% rise across the unit & apartment market.
