Apartment Construction: Housing Data and City Areas

apartment construction: At last count there were more than 500 cranes towering above Sydney, Melbourne and Brisbane - mainly servicing high-rise apartment construction - 160 per cent more than this time in 2014, according to Australian Broadcasting Corporation. This week flow of housing data certainly gives little sense that the housing construction throttle - particularly in inner city areas - has eased off. Map: Australia If you thought the housing boom was running out of puff, check the skyline of east coast capital cities. Residential approvals have hit a record 235,000 over the year, driven by the 73,000 permits issued for high-rise apartments. House prices have not buckled yet under the weight of new apartments, but growth is slowing. This month alone apartment approvals jumped by a giddy 11 per cent, the strongest surge in two-and-half years - a period that could hardly be described as moribund in the apartment building game. (news.financializer.com). As reported in the news.