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Showing 1 - 10 of 209 results for "building approvals"

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... pointed out that Australian Bureau of Statistics (ABS) data from February revealed a significant decline in building approvals to an annualised rate of 150,000, with a marked weakness in new home construction loan approvals. They said while housing affordability ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... equally can't be ruled out. "The arguments for holding steady include that: the recent falls in retail sales and building approvals suggest weakening growth; the April jobs numbers suggested the labour market is loosening; the Q1 wages figures showed ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... Australian property market, sending prices lower. These tighter lending restrictions are already showing up in building approvals. According to the Australian Bureau of Statistics (ABS), total dwelling units approved plunged by 32.8% in the year to November ...

Chief economist update: Aussie property market drop becoming self-fulfilling

BENJAMIN ONG  |  TUESDAY, 11 DEC 2018
... estimates showed continued decline in commitments of 1% in October. This is supported by leading indicators - building approvals dropped by 13.4% in the year to October (from 12.8% in the previous month) and the AiG performance of construction index ...

Chief economist update: As safe as Australian houses?

BENJAMIN ONG  |  THURSDAY, 8 NOV 2018
... - down by 10.2% in the year to August from -6.4% in July and -4.2% in June. The same trend is evident with building approvals - down 14.1% in the year to September from -12.6% in August and -6.5% in July. So far so good. The correction in the housing ...

Chief economist update: Building approvals on a slowing trend

BENJAMIN ONG  |  THURSDAY, 31 MAY 2018
The Australian Bureau of Statistics' (ABS) latest update on building approvals is consistent with views of slowing activity in the country's housing market. But perhaps, not as dire as the headline seasonally-adjusted monthly numbers suggest. ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
... September from A$0.9 billion in the previous month, aided by a 3.0% increase in exports and zero import growth. Building approvals were also stronger - up for a second consecutive month by 1.5% in September after a 0.1% uptick in the previous month. ...

Housing is cooling

BENJAMIN ONG  |  TUESDAY, 16 MAY 2017
... Values gained by 0.3% in the year to March after a 2.3% decrease in February. The lead from the statistician's building approvals report - total building approvals down 19.9% in the year to March - suggests further weakness in housing finance in the ...

Australian economy proceeding according to projections

BENJAMIN ONG  |  TUESDAY, 9 MAY 2017
... approvals fell a gentled 4.3% in the month of March. Then again, the less volatile ABS trend measure shows total building approvals down 13.1% in the year to March, the same rate of decline as in the previous month and the eight straight month of contraction. ...

RBA dilemma

BENJAMIN ONG  |  TUESDAY, 4 APR 2017
... investment housing increased by 6.7% in the year to February and 6.2% for owner-occupied houses. Latest data on building approvals suggests Australians' love affair with property to continue. Total dwelling approvals jumped by 8.3% in February following ...
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