Dwelling commencements across the country have decreased significantly over the last quarter to September 2010. The latest figures released by the ABS show a -13.2% decline (seasonally adjusted) in the number of dwelling commencements across the country over the September quarter however, they are recorded 12.4% higher than the same time last year. Housing supply, [...]
Archive | December, 2010
Fewer long term visitors likely to result in less rental demand for student accommodation
Overseas arrival numbers to Australia have continued to decrease, continuing the downwards trend in the rate of population growth that first became apparent in early 2009. In the first quarter of 2009, total permanent and long term arrival numbers averaged about 71,000 movements/month. The October figures released this week show the monthly arrival figure has [...]
Building approvals rebound strongly during October 2010 – but not across the board
The Australian Bureau of Statistics released their monthly Building Approvals data for October 2010 this week and on a national basis the data was extremely positive. During October 2010, total building approvals increased by 9.3% due to a surge in private sector house approvals which increased by 23.6%. Private sector unit approvals also increased however, [...]
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