Urban Taskforce Australia CEO, Tom Forrest, said today that ABS approvals data is starting to show the impacts of a downturn in market conditions, posting a poorer result for August than for the previous 2 months.
2026 has been a shocker for the housing supply sector. We have had 4 interest rate rises and an extended war in the Gulf. We had an awful Federal Budget which shattered investor confidence. Productivity rates are catastrophic and the Commonwealth has all but run out of others to blame.
Nationally, the statistics show a significant month on month (July 2026 to August 2026) drop in new dwelling approvals of 6.1%. Queensland (-22.5%) had the biggest decline followed up by NSW (-17.3%).
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