Approvals for semi-detached housing at 20-year highs
In the year to August, over 15 per cent of new homes approved were semi-detached homes – the highest proportion in 20 years, according to Craig James, chief economist CommSec.
Citi clamps down on lending in 'blackspot' suburbs
Citi will require a 35 per cent deposit for loans on all apartments built less than two years ago, and for any apartment on a list of 90 postcodes Australia-wide.
ABS data shows that the total value of building work approved in Queensland increased by 89 per cent to $2.4 billion in February 2017 (seasonally adjusted) compared with 12 months previously, the highest monthly result since 2011.
A survey of industry participants shows confidence in the property sector is at a two-year high, despite the prospect of higher interest rates and the slowing trend in building approvals.
