House approvals plunge back to 1970s levels

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As of the latest building approvals data from the ABS, in the last 12 months, 111,500 detached houses were approved for construction.

This result comes with both good news and bad news.

The good news is that the figure for detached house approvals is up by 6,800 homes from the lows seen in December 2023.

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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.