Builders at risk as approvals decline

Original article by Michael Owen
The Australian – Page: 19 : 14-Mar-19

Data from the Australian Bureau of Statistics shows that there was a year-on-year decline of 3.2 per cent in the trend estimate for total building approvals nationwide in January, while the value of total building approvals fell by 1.5 per cent. Justin Lokhorst of the ABS notes that the trend estimate for total building approvals has fallen to its lowest level since May 2013. The data also shows that Tasmania and the Australian Capital Territory were the only jurisdictions that did not record a decline in building approval values in the last 12 months.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, URBAN TASKFORCE AUSTRALIA LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED, MASTER BUILDERS’ ASSOCIATION OF SOUTH AUSTRALIA INCORPORATED, CUBIC HOMES, JML HOME CONSTRUCTIONS, ODM GROUP, OAS GROUP, PLATINUM FINE HOMES

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