HIA Senior Economist Nicholas Ward states “Detached house approvals continue to be elevated compared to pre-COVID levels, meaning projects underway and new work entering the pipeline will continue to keep home builders busy into 2023".
ABS data reveals Queensland has housing approval momentum
An 11.3 per cent rise in monthly housing approvals for Queensland and 19.1 per cent drop in Tasmania have headlined the latest figures from the Australian Bureau of Statistics.