Approvals dismal
Building approvals bounced slightly to 13,650 in August.
That's still a low figure when put in context, though.
Greater Brisbane and Perth might be looking to put in a bottom for detached house approvals, which is lucky given the respective housing shortages.
Unit approvals were still very low in Sydney, and in the other capital cities, despite a bounce to 1,900 in Greater Melbourne.
This portends a shortage of units between now and the next cycle around 2027.
Annual dwelling approvals slumped to 170,000, which is the lowest figure in over a decade.
Overall, dismally low numbers, with lending policies too tight, and a significant housing shortage ahead.
