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Rise in building approvals

According to the Australian Bureau of Statistics approvals for the construction of new homes and units rose 3.1 per cent in February 2013, exceeding the market forecast of a 2.5 per cent improvement.

Although a come back from January’s 2 per cent fall, economists are warning that more data is needed before determining a trend in the housing industry. Property investors should watch approval figures over the next few months before feeling confident that the rise will be sustained.

Public sector dwellings yielded the biggest change, more than doubling in February, and total private sector dwellings rose 0.9 per cent. Although these figures showed strong growth in total building approvals, the improvement in private dwellings were relatively modest, and there was no indication that growth in the housing sector would improve significantly during 2013.

To find more information about the recent rise in approval rates, visit the following link.


Bradley commenced employment with BMT in 1998, becoming a Director of the company in 2002, Managing Director in 2012 and Chief Executive Officer in 2015. As a result, he has substantial knowledge about property investment and specialist experience in tax depreciation and construction cost consulting. Bradley is actively involved in educating property investors and property related organisations about the importance of tax depreciation. He is a regular keynote speaker and presenter covering property depreciation services on television, radio, at conferences and exhibitions Australia-wide.

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