Daniel Lewkowicz’s Post

House building approvals rise 12% There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. #property #realestate #homeloans #therentalspecialists

House building approvals rise 12% There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. #property #realestate #homeloans #therentalspecialists

House building approvals rise 12% There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. #property #realestate #homeloans

House building approvals rise 12% There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. #property #realestate #homeloans

There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. Please feel free to reach out to us. You can book a 15 minute call with Luke here https://bit.ly/49qG9ll #property #realestate #homeloans

House building approvals rise 12% There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. #property #realestate #homeloans

𝗛𝗼𝘂𝘀𝗲 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹𝘀 𝗥𝗶𝘀𝗲 𝟭𝟮% There’s been a welcome increase in the number of house building approvals, although it’s still not enough to keep pace with the demands of our fast-growing population. A total of 9,163 private sector house approvals were issued in May, which was 2.1% higher than the month before and 12.0% higher than the year before, according to the latest data from the Australian Bureau of Statistics. Unfortunately, though, as the graph shows, house approvals are still well below the record 14,063 that were issued in March 2021. Also, they’re below the average monthly result (9,311) from the past 15 years. Unless an increasing number of houses get approved for building – and then actually get constructed – housing supply will continue to fall short of demand. That, in turn, will put upward pressure on prices and rents. #property #realestate #homeloans

Homebuilding Approvals Surge, But There’s a Catch 🏠📉 While the supply of new housing continues to remain low, homebuilding approvals have increased for the fifth time in six months. 📊 Approvals have jumped from a recent low of 12,877 in January to 14,797 in July, marking a 14.9% increase, according to the latest data from the Australian Bureau of Statistics. Breaking it down: - 🏡 House approvals rose 20.2% - 🏢 Other dwellings (apartments, townhouses, semi-detached homes) increased by 5.5% However, there are two key points to keep in mind: 1️⃣ Despite the upward trend, approvals are still below the 10-year average. 2️⃣ Not all approvals result in actual construction, as some owners and developers decide not to proceed after securing permission. #property #realestate #homeloans #housingmarket