Australia's home building boom gets new burst of energy
Wed, Jan 10, 2018 - 5:50 AM
Tuesday's figures from the Australian Bureau of Statistics showed building approvals jumped 11.7 per cent in November from October, confounding forecasts of a one per cent decline.
REUTERS FILE PHOTO
APPROVALS to build new homes in Australia surged to 15-month highs in November 2017 as more apartment towers got the go-ahead, an unexpected return to strength that should drive activity and hiring across the economy.