Tag: Australian Housing; New Housing Approval

Australian New Housing Approvals Plummeted to Decade Low, Deepening Housing Crisis Concerns

New housing approvals across Australia continued to decline in April, plummeting to its lowest level in  11 years. The implications for housing supply deepen the concerns that the rental and affordability crisis would deteriorate further. The total number of dwellings approved nationally fell 8.1 percent in April to a seasonally adjusted 11,594, the lowest level…


New Housing Approvals Plummet to Decade Low, Deepening Australia’s Housing Crisis

New housing approvals across Australia continued to decline in April, plummeting to its lowest level in  11 years. The implications for housing supply deepen the concerns that the rental and affordability crisis would deteriorate further. The total number of dwellings approved nationally fell 8.1 percent in April to a seasonally adjusted 11,594, the lowest level…