Original article by Michael Roddan
The Australian – Page: 4 : 31-Jul-19

Data from the Australian Bureau of Statistics shows that new housing approvals fell by 1.2 per cent during June and 26 per cent year-on-year. Apartment approvals were 40 per cent lower in June than at the same time in 2018. Matthew Hassan of Westpac expects further weakness in dwelling approvals over the remainder of 2019 and during the first half of 2020. George Tharenou of UBS warns that the downturn in housing approvals could put about 100,000 construction industry jobs at risk.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, WESTPAC BANKING CORPORATION – ASX WBC, UBS HOLDINGS PTY LTD