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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Building aims to flatten growth

By Staff Reporter
07 October 2014 | 1 minute read

A surge in dwelling approvals may begin to temper price growth, a construction industry association has claimed.

Figures from the Australian Bureau of Statistics show residential building approvals rose by 14.5 per cent in the year to August.

This marks the second consecutive quarter of increases in approvals.

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Master Builders chief economist Peter Jones said the trend would contribute to flattening out price growth.

“The jump in building approvals must be seen as a positive in boosting new housing stock to keep a lid on house prices and ensure affordable home ownership,” Mr Jones said.

“As the RBA says, supply factors are critically important – the supply response determines whether additional demand feeds into higher prices or not.”

In August, detached housing inched backwards by 1.4 per cent while multi-unit dwellings increased by 9.2 per cent.

Over the month, the greatest gains were made in Victoria, where approvals climbed by 15.5 per cent.

South Australia was not far behind with an 11.3 per cent rise, while approvals increased 2.9 per cent in New South Wales and 1.4 per cent in Queensland.

The largest decline came in Western Australia, where approvals fell by 16.2 per cent.

Building aims to flatten growth
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.