By David Olsen · 2 March 2010 · Locked
Building approvals take a hit in January, but what does this mean for the housing market in the long term? The RBA's next move may be more critical than ever.
New building approvals in Australia were down 7 percent in January, to 14,045 from 15,106 units in December, the Australian Bureau of Statistics (ABS) said Today. Over the longer term, building approvals were up 47.6 percent in the year to January. This news comes as the RBA prepares to make another decision on whether to […]
Tags: Housing, housing approvals, Interest Rates