Tuesday 31st July 2012

House building approvals fall

by Alan Thornhill

Home building approvals fell  2.5 per cent in June, on seasonally adjusted figures just released by the Australian Bureau of Statistics.

Total approvals last month, though, were still 10.2 per cent higher than those of June last year.

But the Bureau’s report confirmed that approvals for private sector houses are still weak.

These fell by 1.1 per cent in June and 7.7 per cent over the year.

Approvals for units, flats and other homes, apart from houses, fell by 4.5 per cent in June, but rose by 49.5 per cent over the year.


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Alan Thornhill

Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

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