Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday 1 September 2020

Building approvals steady in July

Approvals steady

Building approvals increased modestly by 12 per cent to 13,840 in July 2020, largely due to a bounce in attached dwellings.

Annual approvals appear to have now steadied at around 172,000, well down from the peak of 242,000 in 2016.

The HomeBuilder package has been a big success, but these figures have yet to show up in the building figures for detached homes in July 2020 (it'd be too early to flow through into July):


Unit approvals continued to rebound in Melbourne, somewhat surprisingly, given the extent of the lockdown.


Buyers should be aware of unit high vacancy rates in some inner-city areas, as discussed at Buyers Buyers here