Approvals tumble

THE value of South West building approvals halved in December according to the Australian Bureau of Statistics.

Whereas total building approvals in November were valued at more than $67 million, December approvals plummeted to $34 million – largely because non-residential approvals dropped from more than $30 million in November to be virtually non-existent in December.

Similar declines were experienced in Perth and other regional areas occurred during the month.

Bunbury and Busselton had a total of sixty-eight applications approved in December compared to 113 two months previously.