Building approvals bounce back on HomeBuilder

Original article by Michael Bleby
The Australian Financial Review – Page: 39 : 1-Apr-21

Data from the Australian Bureau of Statistics shows that approvals for stand-alone homes increased by nearly 14 per cent month-on-month in February, to 14,072 in seasonally adjusted terms. Approvals for apartments and townhouses increased by 49 per cent to 5,350; however, this followed a 39 per cent fall in January. Economists say the federal government’s HomeBuilder scheme has been a major catalyst for the strong demand for housing.


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