The value of building approvals across Victoria in February have dropped 17.5 per cent to $1.73 billion compared to the same time last year, but were 6.8 per cent higher than in January.
Residential building approvals in regional Victoria..
It appears a lack of affordable housing in Melbourne is the key driver for venturing to regional Victoria seek more affordable.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.