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Australia's housing construction boom beginning to slow down

Building approvals have been declining since last August, with the once-booming apartment sector the worst hit
Wednesday, May 31, 2017 - 05:50

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Approvals for new projects sank 17.2 per cent in April, a turnaround that could undermine policymakers' hopes for solid economic growth over the next two years.

Sydney

AUSTRALIA is witnessing a cooling off in its biggest-ever home-building boom as approvals for new projects sank 17.2 per cent in April, a turnaround that could undermine policymakers' hopes for solid economic growth over the next two years.

Building approvals have been on a

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