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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The number of home building approvals for September fell 4.6% m/m compared with an expected 2.5% rise. There was weakness across private houses and multi-dwelling approvals down 4.6% m/m and 5.1% respectively. 3-month momentum is positive for houses though but still negative for apartments. There were some slight improvements in annual rates but they’re still negative compared to a year ago and total approvals are down 18.2% compared with pre-pandemic. Home building is not keeping up with demand at a time when working-age population growth is at its highest since series began in 1979.
Australia number of private houses approved %
Source: MNI - Market News/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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