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Approvals to build or renovate apartments across Australia dramatically dropped in December, according to data from the Australian Bureau of Statistics. In fact, figures from November saw a drop of 3.3%.
 
Permits soared by 7.7% in October to November, and by 11.9% in September to October.
 
Meanwhile, the period of November to December experienced a decrease by 9.7% for apartments, while the figure for houses was unchanged.
 
Overall building approvals in the country rose 8.8% in December compared to 2013’s same period. 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan