Australian Economy

Building approvals continue to plunge

New figures released from the Australian Bureau of Statistics (ABS) show building approvals continue to decline due to a significant slow down in the apartment sector. The largest decline in approvals have been in sectors other than houses – i.e. townhouses, units and apartments. Australia turned to an apartment building

Australian Housing

Lending to property investors worse since GFC

Lending for dwellings continues its sustained decline in Australia according to the latest Australian Bureau of Statistics data released Thursday. Across both the owner occupier and investor segments, lending by value is down 20.8 per cent in the past 12 months to May 2019. The decline in more pronounced in