Housing approvals dip nationally, approvals in capital cities hold strong

Though the number of new homes approved throughout Australia fell in the May 2025 quarter, a closer look reveals where growth areas are and the factors behind it.

KPMG analysis of the latest Australian Bureau of Statistics (ABS) data on building approvals reveals the number of new homes getting the green light has dipped in the May quarter by 7.2 percent nationally from 48,852 to 45,313, however several of Australia's capital cities and regional areas have demonstrated strength and opportunities for growth. There's no denying the challenges Australians face in dealing with housing affordability in this country, but there are still some bright spots in...

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Authors: Terry Rawnsley, Amanda Coneyworth

Published Date: 15 July 2025