Building approvals slump to 8-year low
Building approvals data is yet to show the impacts of the federal government’s HomeBuilder grants, with the latest figures from the Australian Bureau of Statistics revealing approvals hit an eight-year low in June.
The impacts of the HomeBuilder scheme are not likely to be felt until later this year. Photo: Shutterstock (Image source: Shutterstock.com)
Building approvals data is yet to show the impacts of the federal government’s HomeBuilder grants, with the latest figures from the Australian Bureau of Statistics revealing approvals hit an eight-year low in June.
Total dwelling approvals fell 4.9 per cent in June, with double digit falls recorded in New South Wales (14.8 per cent), Western Australia (11.7 per cent), Queensland (10.9 per cent) and Tasmania (10.8 per cent).
South Australia and …
