Green shoots in NSW housing approvals but more needs to be done: Chris Johnson

The February Australian Bureau of Statistics (ABS) figures for NSW housing approvals indicate a slight rise of 5.4%.

The ABS data in trend terms shows a slight increase in housing approvals between November 2018 and February 2019.

In February there were 5,001 housing approvals which is 5.4% more than the 4,745 approvals in November 2018.

The jump is driven by a surge in higher density apartment approvals which rose by 17.3% between last November and February this year.

This was offset, however, by a reduction of 6% in house approvals over the same time span.

 

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