Housing approvals still below 1.2 million-home target pace Australia’s housing approval pipeline is recovering, but the latest ABS figures show approvals are still running about 8% below the annual pace implied by the National Housing Accord target.
Victoria is approving more homes than NSW despite having 1.5 million fewer people Victoria approved more dwellings than New South Wales in July despite having around 1.5 million fewer residents. On a per-capita basis, its approval rate is approximately 25 per cent higher.