Charting the high-rise apartment bust

Thursday 5 August 2021

The Australian Bureau of Statistics (ABS) this week released its dwelling approvals data for June, which revealed that apartment approvals have fallen 49% below their November 2017 peak, while detached approvals are running near record high levels:

Houses boom, apartments bust.

Below are a series of charts that track approvals by housing segment in rolling annual terms nationally and across the major states.

National

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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.