Advertisement

New home approvals down

Approvals for the construction of new homes fell 5.0 per cent across Australia in June, official figures show.

Local councils approved the construction of 15,659 new homes, including houses, townhouses and apartments in multi-unit buildings, in June.

Over the 12 months to June, building approvals were up 16 per cent, the Australian Bureau of Statistics said on Thursday.
Economists expected approvals to be flat in June.

Approvals for private sector houses fell 2.2 per cent in the month, and the ‘other dwellings’ category, which includes apartment blocks and townhouses, was down 10.5 per cent.

Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.