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Finance & Markets

Dwelling approvals boom before the crash

The Australian Bureau of Statistics (ABS) has released dwelling approvals data for September, which showed that approvals nationally were tracking at their highest level since July 2021, with 18,700 homes approved: Annual approvals were tracking at 208,300: Despite the upswing, dwelling approvals were still tracking 93,500 (17%) below the National Housing Accord’s target, which requires The post…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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Could Shanghai project smooth indebted New World’s path to cash?

New World Development’s recent announcement that its Shanghai K11 Elysea office project has reached an occupancy rate of about 80 per cent may pave the way for the indebted group’s next securitisation exercise, analysts say, adding that it could generate 100 million yuan (US$15 million) in annual net operating income.

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