Latest figures from the Australian Bureau of Statistics show that home building is on the rise.
The good news comes as interest rates remain low and the boosted first home owners grant is still being offered. These two factors are thought to be the two driving forces behind the increase.
The ABS said that in seasonally adjusted terms, the estimate for total dwelling units rose 5.1% in April and has now risen for three months.
"The seasonally adjusted estimates for the value of new residential building and alterations and additions approved rose 1.7% and 9.2% respectively." sais the ABS.
There has been a 14.6% rise in new private homes approved since last December, while including public housing and private non-dwellings, the rise in approvals since then is 16.7%.
But building approvals were still down more than 16% from April last year, but at the end of last December; they were off 25.5%, so the improvement is palpable.
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