Building consents surged 26% in July 2024 on a monthly basis in New Zealand coming in at 3,352, according to figures released by Stats NZ today. This follows a downwardly revised 17.0 percent contraction in June 2024 (originally a 13.8 percent decline). Consents were issued for 1,685 stand-alone houses, 1,333 townhouses, flats, and units, 234…
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The total number of building permits issued in Australia fell 6.5 per cent in June to 13,237 after a 5.7 per cent rise in May, according to seasonally adjusted data released by the Australian Bureau of Statistics (ABS). That misses forecasts for a decline of 2.3 percent. Daniel Rossi, ABS head of construction statistics, said:…
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In May 2024, property prices have increased by 8.3% in Australia on an annual basis, as a lack of supply is apparently fuelling house price growth, data from real estate consultancy CoreLogic has revealed. On a monthly basis, prices grew by 0.8%, the 16th consecutive month of growth and the largest monthly gain since October…
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Australia’s housing prices dropped over the June quarter as rising interest rates and inflation impacted affordability but not all cities and regions are experiencing price contractions. These are the findings of the Real Estate Institute of Australia’s (REIA) latest Real Estate Market Facts. Combined, the June quarter of 2022 saw a decline in the weighted average…
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