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Building Approvals in Australia See Sharp Decline in January 2023

Mar 02, 2023

According to the January 2023 seasonally adjusted estimate in Australia:

  • The number of total dwellings approved decreased by 27.6%.
  • Private sector house approvals fell by 13.8%, while private sector dwellings (excluding houses) fell by 40.8%.
  • The value of total building decreased by 18.6%, and the value of non-residential building decreased by 25.6%.

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