News and Insights

WA Economic Update – Building Approvals Rebound Trend Continues

The improving trend in WA private sector dwelling approvals continued in July with trend approvals gaining 1.1% over the month whilst the national market retreated 1.3%. Private sector house approvals in WA grew 3.5% on a seasonally adjusted basis whilst headline seasonally adjusted numbers decreased 15% driven by movements in the very volatile monthly apartment build approval numbers.