Lower building approvals threaten housing sector

Posted by Simon Dehne on August 3, 2015 in Latest News with No Comments

Australia’s property investors appear to be shying away from the housing sector, as less money is being placed into new apartments.

In WA alone, building approvals have dropped more than 13% in June – the lowest since 2013. Apartment and unit approvals fell sharply in the area, as private home approvals went down 4.7% after a near 9% drop in May, reports The West Australian.

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