Apartments Responsible for Rise in Dwelling Approvals

The housing industry which got a bad jolt with the dwelling approvals in the month of September saw it come all right in October; what with apartment approvals leading the charge and robustly so, reports Michael Yardney for the website Property Update.

197,630 dwelling approvals reported between October ‘13’ and October ‘14’ is 14.8% higher than the approvals made between October ‘12’ and October ‘13’. Medium and high-density approvals have largely been the reason why there is a positive swing in the approvals.

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