Australia’s building approvals to rebound in October - ANZ

The Australian building approvals data are due on the cards next Thursday at 00.30 GMT, with the analysts at ANZ expecting a solid rebound in the month of October.

Key Quotes:

“Expect +0.8% m/m

In housing finance for the construction or purchase of new housing suggests that the recent trend increase in building approvals could continue.

We will be watching Queensland's result closely after the state posted a 40% decline in apartment approvals in September; we expect a solid rebound in October.”