Australia Private House Approvals m/m show a change in the number of approvals for the construction of private houses granted in the reported month compared to the previous one.
It is a leasing indicator of the housing market state, which can be interpreted in two ways. On the one hand, the value growth indicates the development of the construction industry, on the other hand an excessive supply in the residential real estate market can have a negative effect on prices in the long term.
The chart of the entire available history of the "Australia Private House Approvals m/m" macroeconomic indicator.
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