Australia's apartment approvals fall sharply amid housing target concerns

Summarised from 2 outlets · 3 reports · Updated 3 Oct, 02:13 · Archive

Apartment approvals in Australia have fallen 21 per cent, raising questions about the nation's ability to meet its housing target.

Apartment approvals in Australia have fallen 21 per cent, new figures show. Master Builders has attributed the decline to poor policy, high inflation and global instability affecting the construction sector. The organisation warns that Australia's housing target is increasingly unachievable given current conditions.

While some of the required homes have been approved, the outlets suggest there is a fundamental problem preventing progress. The combination of policy challenges and economic headwinds continues to hamper the construction industry's ability to deliver the housing Australia needs.

How it is being reported

• ‘Doesn’t stack up’: Shock reason Australia’s housing target is slipping further awayThe West Australian · 3 Oct, 01:38
• ‘Doesn’t stack up’: Shock reason Australia’s housing target is slipping further awayPerth Now · 3 Oct, 01:38
• ‘Warning signs’: Master Builders slams government policy as apartment approvals plunge 21 per centThe West Australian · 1 Oct, 08:00

In this story: Australia · Master Builders · Perth

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