09 May 2013

Looking at historical dwelling approvals data from the Australian Bureau of Statistics (ABS) reveals a fluctuating Australian property market, with a multitude of peaks and troughs.

The past several months of data suggests that the Australian property market appears to have bottomed out, and is now beginning to trend upwards.

In the 12 months to March 2013 there have been 155,306 total dwellings approved in Australia, which is 4.7% more than at the same point in 2012. However, this is still down 10.2% compared to two years ago.

By burningpants.

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