A recent spike in Australian building approvals, suggesting a potential housing boom and easing of the housing crisis.

The anticipated interest rate cuts by the Reserve Bank of Australia (RBA). Rising construction costs, labor shortages, and high interest rates have previously hampered new housing supply, but the moderation in these costs coupled with lower rates is expected to encourage more construction.

While approvals are increasing, they still lag behind the government's ambitious National Housing Accord target, emphasising the need for continued growth in housing stock to improve affordability and match population growth. Read more updates at https://orchardlending.com.au/blog/ .