March 2023 marks dwelling approvals' weakest quarter since 2012
Dwelling approvals declined at a time when population growth is surging due to the return of overseas migrants, students, and tourists.
Source: yourinvestmentpropertymag.com.au
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New South Wales rental crisis could worsen as building approvals slump to record lows, economist warns
ABS data shows total approvals fell in New South Wales by 34 per cent for the first three months of this year, but hardest hit were townhouses, units and high-rises.
Source: abc.net.au
Shortage of skilled trades remains acute, say HIA report
“It is anticipated that the RBA’s actions to date will result in a more significant easing of the shortage of trades later this year, as well as some more declines in the prices of trades.
Source: architectureanddesign.com.au
Negative sales rise as new home sales fall in March
Many builders have reported “negative sales” over recent months, at a rate last time seen at the start of the pandemic.
Source: yourinvestmentpropertymag.com.au
Building approvals fall to decade low
New building approvals fell by 27. 6 per cent in January, the lowest monthly level seen since July 2012, with houses recording their fifth consecutive monthly drop. New data from the Australian Burea
Source: mortgagebusiness.com.au