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Housing approvals dropped 12.5 per cent in May, following increases in the previous three months, according to figures released by the Australian Bureau of Statistics this week.
Seasonally adjusted approvals for new detached houses dropped just 2 per cent following increases in the previous four months; however approvals for units/apartment buildings fell by 39.5 per cent in May to a record low level of just 1,943 dwellings.
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More than ever before, young Australians are living longer with their parents. Yet they are also more likely to move across the country than any other generation, according to the latest Australian Social Trends publication from the Australian Bureau of Statistics (ABS).
Young people are more likely to continue living longer with their parents than in previous decades. In 2006, almost one in four people aged 20-34 was living in the parental home. |
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