Resilience in September building approvals

“Led by a bounce-back in approvals for high rise apartments, particularly in Brisbane, the 2.2 per cent seasonally adjusted rise in building approvals for September 2015 supports Master Builders’ expectation that housing activity will continue to help fuel growth in the economy and employment for some time to come,” Peter Jones, Chief Economist of Master Builders Australia said.

“But in the context of a still fragile economy, it is important that the Government does not spook the housing market with any unhelpful tax reform discussion about a clamp down on negative gearing,” Peter Jones said.