After months of declining dwelling approvals, the trend appears to be shifting positively. In fact, the latest data from ABS show that dwelling approvals rose a sharp 18.5% month on month in December, rebounding after the previous month’s 8.8% fall. The rise was driven by the very volatile apartment series (+56.6% month on month after…
New home sales have been declining as interest rates have been rising. This is because when interest rates increase, borrowing costs for mortgages also increase, making it more expensive for potential buyers to purchase a home. Additionally, rising interest rates may also cause some buyers to delay purchasing a home until rates stabilize or decrease….
