ClickCease

New Dwelling Starts


News from the Australian Bureau of Statistics shows that the construction sector is picking up the slack left over by the transition from the mining boom. 

The figures showed an excellent 9.1% increase in the number of dwellings approved in April, a much better result than the expected 4% by economists.

In absolute terms, that’s 13,774 building approvals in April, a 27% increase on last year’s figures.

A sustained period of low interest rates and renewed buyer sentiment should see these figures increase steadily over the rest of the year.

Published on 19th of May 2016 by Marty Stanowich
Marty Stanowich
Marty Stanowich

DID YOU LIKE THIS ARTICLE?

Sign up to the iBuyNew newsletter to receive more article and property news straight to your inbox

Your privacy is important to us. To better serve you, the information you enter in this form is recorded in real-time.
Off the plan

Want access to exclusive opportunities in off-the-plan property?

Sign up to our Free VIP membership for a personalised service.

Learn more