Australian building approvals rocket on surge in unit approvals: Australian building approvals surged by 11.4% in October, completely reversing a 11.2% decline...

David Scutt

Scutt Partners

Australian building approvals rocket on surge in unit approvals: Australian building approvals surged by 11.4% in October, completely reversing a 11.2% decline in October, with the annual rate of change ticking up to 2.5% from 11.5% seen previously. As has been the case for many years multi-unit approvals were the chief catalyst behind the surge, rising 30.4% on month after sliding 24.1% in September. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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