New data released by the Australian Bureau of Statistics (ABS) has revealed that building approvals in April experienced another month of decline, casting further doubt on the achievability of the National Housing Accord.
The Australian Bureau of Statistics’ January report on monthly building approvals indicates that building approvals are at their lowest level in a decade.
Building approvals for units lifted more than 55 per cent in December, contributing to a surge in approvals for December, the latest data has revealed.
Downsizers: An extension of the exemption of home sale proceeds from pension asset testing from 12 months to 24 months. It’s designed to give pensioners more time to buy, build or renovate a new home before their pension is affected. Access to downsizer superannuation contributions will be expanded to include those aged 55 to 59.