New South Wales experienced its highest number of new housing approvals in the past 9 years, according to the Australian Bureau of Statistics. 41,309 new houses were approved over a 12 month period to August 2013, the highest since the 2003 period. For the month of August alone, the approval rate was 31% higher than average.
These figures indicate strong confidence in the housing market, as people are looking into property for their future investments.
Read more about this on the Smart Property Investment website.