As per the recently released statistics by the Australian Bureau of Statistics (ABS), the number of dwellings approved have fallen by 8.1 per cent in October 2019 in seasonally adjusted terms. The data also indicated the following:
- The fall in total dwellings approved was driven by a 11.3 per cent decline in private dwellings excluding houses.
- Private sector houses declined by 7 per cent.
- The value of total building approved dropped by 4.7 per cent in seasonally adjusted terms.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.