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AAP
AAP
Business
Andrew Brown and Aaron Bunch

Housing approvals bounce back but market still subdued

The number of dwellings given building approval in July jumped 10.4 per cent, led by apartments. (Dan Himbrechts/AAP PHOTOS)

A surge in new apartments has fuelled a rebound in sluggish housing approvals, as the coalition floats the possibility of withholding GST payments from states if they don't meet construction targets.

There was a 10.4 per cent increase in the number of dwellings given the green light in July, driven by a 32 per cent jump in new apartments, Australian Bureau of Statistics building approval figures show.

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