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Thursday 7 January 2021

Perth drives house approvals to a 21-year high

HomeBuilder boom

House approvals surged again in November to a 21-year high. 


The boom has been driven largely by a nascent boom Perth. 


Unit approvals remained 13 per cent lower over the year. 


Government and monetary stimulus has been very effective at getting house building moving, and this should be enough to keep activity high all the way through to a possible early election later in 2021.