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Politics

Poppy Johnston

New houses drive uptick in dwelling approvals

Home Prices Tim Lawless CoreLogic

National home prices rose slightly in March with high rent and migration helping turn values around. (Lukas Coch/AAP PHOTOS) (AAP)

An uptick in new home approvals has done little to counter a downward trend in new construction work triggered by higher interest rates and the expiry of COVID-19-era government home-building programs.

New home approvals have picked up four per cent, new Australian Bureau of Statistics data shows, following a sharp 27.1 per cent drop off in January.

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