ONLY CHARTS #439
Aus & NZ building approvals, Aus housing prices, Aus inflation, Aus consumer spending, Aus job ads, Aus real exchange rate
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1. The number of home building consents issued in New Zealand rose +7.2% m/m in September. Approvals for both houses and higher-density dwellings are trending higher, supported by lower interest rates.
2. The rising value of residential building permits in New Zealand bodes well for a pick-up in dwelling investment from a low level.
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