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AAP
AAP
Emily Verdouw and Luke Costin

Building data nailed but future framework doubts linger

Sydney Melbourne Tim Lawless CoreLogic
The growth of new housing approvals needs to lift to keep up with building targets, industry says. (Dan Himbrechts/AAP PHOTOS)

A big jump in apartment approvals has pushed home-building figures to a two-year high but experts say the increase is not enough to keep up with a housing shortage.

A 4.2 per cent jump in housing approvals for October 2024 was mainly on the back of a 22.4 per cent rise in higher-density approvals, such as apartments.

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