Building approvals fall 5.7 per cent in April
REA Group Senior Economist Eleanor Creagh has responded to the latest economic figures showing a 5.7 per cent decline in building approvals for April, a result that fell short of market expectations.
"The monthly trend for building approvals is incredibly volatile,' Ms Creagh said.
'But we have seen that fall in the most recent data released from the Australian Bureau of Statistics today.
"However, we are still seeing that over the past year, the general trend in terms of where approvals are tracking is positive and is moving in the right direction.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Daily Telegraph
18 minutes ago
- Daily Telegraph
‘Sleep separations' are increasing in popularity, new data shows
Don't miss out on the headlines from Illness. Followed categories will be added to My News. There's been a dramatic spike in the number of couples agreeing to part ways in the bedroom as Australia's growing sleep crisis worsens. New data shows that nearly one in three Australians struggling to fall or stay asleep three or more times a week, sparking a rise in the number of couples who have embarked on a 'sleep divorce', opting to get their nightly rest in separate beds or rooms – despite ongoing stigma surrounding the decision. The research, conducted by leading sleep device manufacturer ResMed for its 2025 Global Sleep Survey, has revealed sleep deprivation is so bad that almost 1 in 5 (18 per cent) of Australians have called in sick. But shockingly, 41 per cent of Aussies are choosing to 'just live with' with the consequences of a bad night's kip, almost double the global average. 'This year's Resmed Global Sleep Survey found that the top factors causing Australians to have a poor night's sleep are stress (47 per cent), followed by anxiety (42 per cent) and financial pressures (26 per cent),' Dr. Alison Wimms, Director of Medical Affairs for the company, told 'Screen time, and inconsistent routines also widely affect sleep in Australia.' Some of those not willing to put up with a poor night's sleep have decided to embark on a 'sleep divorce', with 61 per cent of Aussies who have ditched their partner at bedtime reporting a better sleep quality. '26 per cent said it improved their relationship, and almost 16 per cent noted a positive impact on their sex life,' Dr. Wimms added. 'Sleeping separately can also improve sleep quality by reducing disturbances from different schedules, snoring, or movement during sleep.' Australia is caught in a sleep crisis, with nearly one in three Australians struggling to fall or stay asleep three or more times a week. Picture: iStock However sleeping separately does not work for everybody, with 38 per cent of the 1 in 5 Australians who opted for a sleep separation – often due to snoring and restlessness – stating said they felt their quality of sleep got worse or remained the same. Alarmingly, almost 1 in 5 of those who have split up at night said they felt their relationship and sex life took a turn for the worse after sleeping apart. Sydney couple's therapist Shahn Baker Sorekli however warns that while a sleep separation 'can be helpful in some circumstances', he doesn't always recommend it. 'The main reason is coming together at the end of the night allows for a bit of a nice routine for the relationship where you can have a moment of connection and intimacy,' podcast, From the Newsroom. 'I'm not talking about, you know, long deepened meaningfuls in bed. It might just be a little snuggle, might just be reading next to each other, but kind of coming together at the end of the night. 'Being a couple, just unwinding is just a nice point of connection. And if you can maintain a good sleep routine together, it can just be really healthy for the relationship. So you close off the world, you in your room together, snuggling away.' Some couples who sleep apart rave about the benefits of a 'sleep divorce'. Picture: Instagram/AnnieKnight But experts warn it isn't for everyone and can have an impact on intimacy. Picture: Instagram/Lisa Wipfli The clinical psychologist, who authored relationship book The 8 Love Links, said that for those who find sleeping apart 'improves sleep quality it's absolutely a good idea'. 'For example, if one person is a really restless sleeper or somebody has a problem with snoring or perhaps somebody does shift work... and it going to add to the relationship tension, that's when it's a good idea,' he shared. 'You've just got to be careful not to get into any kind of the pitfalls around it. Dr Wimms noted that it is often women who report poorer sleep quality and higher rates of mood disruptions than men, explaining the gap was noticeable. '38 per cent of Australian women struggle to fall asleep at least 3 nights a week, compared to 26 per cent of men,' she explained. 'This is consistent with global numbers where we see women consistently report more sleep challenges. This may be due to hormonal changes through the month, caregiving responsibilities, or higher stress loads. 'While 4 in 10 Australian women say that their sleep is disrupted by their partner at least a few times a week, most often because of snoring or loud breathing, compared to 28 per cent of men.' The ResMed 2025 Global Sleep Survey concluded that sleep has become the 'silent casualty of modern lives'. Picture: iStock The report concluded that sleep has become the 'silent casualty of our busy modern lifestyles', noting the 'lines between work and home more blurred than ever'. Pressures such as the rising cost of living in Australia are also building, resulting in poor sleep across the nation. But it's not all bad news, with ResMed stating that Australians have become more curious about how they sleep, with 33 per cent monitoring their sleep, up from 18 per cent last year. 'This increased curiosity, however, has revealed a gap in action with a staggering 41 per cent of Aussies saying they would just live with poor sleep,' Dr. Wimms said. 'This is higher than the 22 per cent globally who indicated that they would do the same. This gap makes it vital for us to drive awareness of the importance of not just knowing, but taking action to improve your sleep health. 'This could be as simple as raising your sleep in a conversation with your healthcare provider or taking an online sleep assessment to learn more about what may be causing your poor sleep.' Those who have spoken out in the past about the benefits of sleeping separately to their partner include Michael and Lisa Wipfli, Sunrise host Edwina Bartholomew and her husband Neil Varcoe as well as popular porn star Annie Knight who recently announced she sleeps in a separate bed to her new fiance Henry Brayshaw. Originally published as 'Sleep separations' are increasing in popularity, new data shows

News.com.au
3 hours ago
- News.com.au
Stock Tips: WTC could be a wise choice this week
It's no easy gig analysing share prices and company performance but somebody's got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. Andrew Eddy – Morgans Financial BUY WiseTech Global (ASX:WTC) Wisetech is acquiring E2open, expanding its market reach and capabilities, driving revenue and EBITDA growth, and offering a compelling opportunity to further extend the company's growth runway. Aurizon Holdings (ASX:AZJ) Earnings from the Network and Coal segments will continue to deliver higher cash returns to shareholders and investment into Bulk and Containerised Freight will provide longer term growth. HOLD Lovisa Holdings (ASX:LOV) Lovisa's recent milestone of opening its 1,000th store globally signifies its strong growth and global presence. It continues to have ambitious expansion plans. Regis Resources (ASX:RRL) Regis is well positioned to maintain significant share price torque to the price of gold, aided by a robust production profile and underappreciated organic growth at Duketon. SELL Telstra (ASX:TLS) Although having some defensive qualities, Telstra continues to trade above its long-term average multiple, which is hard to justify considering its minimal long-term growth and competition risk. Adriatic Metals (ASX:ADT) Adriatic's share price has bounced recently on takeover talk. While high-grade metal assets with compelling economics are rare, everything has a price. Dylan Evans – Catapult Wealth BUY Goodman Group (ASX:GMG) Goodman Group's portfolio of quality industrial properties and data centres should be well supported by long-term demand trends in online retail and data hosting. Steadfast (ASX:SDF) As the largest general insurance broker in Australia, Steadfast offer exposure to growth in insurance premiums, but without the underwriting risk of the insurers. HOLD Auckland International Airport (ASX:AIA) As New Zealand's primary overseas travel gateway, Auckland Airport is a key piece of infrastructure. Overseas travel still lags pre-covid levels, but is showing signs of recovery. Woolworths (ASX:WOW) Woolworths has been losing market share to its competitors over the last few years and is now going through another restructure to regain this lost share. We expect regaining this momentum will take several years. SELL A2 Milk (ASX:A2M) The Chinese infant formula market is a key part of A2 milk's product sales. Despite reporting growth in its 1H25 results, this market faces long-term challenges, including declining birth rates. BWP Trust (BWP) A solid property trust on most metrics, with modest debt, high occupancy, and a decent 5.2% yield. Concern is always with the potential influence and reliance on Wesfarmers, who have an ownership stake and contribute 85% of the rental income via Bunnings.

News.com.au
8 hours ago
- News.com.au
‘Intense' discussions, ‘complex negotiations' sparked NSW government's deal with rail unions after lengthy dispute
A 'complex negotiation process' and 'intense' discussions paved the way for a deal between the NSW government and rail unions, which could improve the response to disruptions similar to last week's live wire train chaos. The government and unions on Friday agreed in the Fair Work Commission to a 12 per cent pay rise over three years. The Rail, Tram, and Bus Union and the Electrical Trades Union had been seeking a 32 per cent pay rise over four years, while the government offered a 9.5 per cent rise over three years. The dispute led to a series of industrial action, that disrupted travel for millions since last September. The deal ends protected industrial action by the Combined Rail Unions and allows Sydney Trains and NSW TrainLink to focus on improving reliability across the network, the government said in a statement on Friday. NSW Transport Minister John Graham said there had been 'intense' discussions with the rail unions in the lead up to the deal. 'We have had good, if intense discussions with the rail unions,' Mr Graham said at a press conference on Saturday. 'We're in a position to lift pay and conditions of rail workers, but also deliver to the public.' A number of the changes in the new agreement could make a real difference in the response to disruptions such as last week's incident where a live wire fell on top of a train in Strathfield. This includes consultation clauses and the roll out of new technology across the network that 'just simply isn't in place'. 'It gives the hope that should something like this happen again, right in the dead centre of the network — the worst place possible — the ability to recover the train network way more rapidly would be there now,' Mr Graham said. 'That would make a big difference to our ability to deal with disruptions on the network.' He added routine maintenance would be easier without constant industrial action. Sydney Trains chief executive officer Matt Longland called the deal an important milestone following a 'complex negotiation process'. 'We've got to a position that we've worked through, and we now have approval in principle to take that package to our staff,' Mr Longland said. 'Although that's great news for our people, it's also really positive news for passengers.' The rail network is being modernised, Mr Longland said, including by way of new technology and moving away from manual processes. 'I acknowledge it's been a challenging period for passengers who've been regularly disrupted, not only through industrial action, but also incidents across the rail network,' he said. 'This now gives us the reset we need to work with our people to stabilise performance and invest in the rail network to improve performance in the future.' ETU expected to reject deal However, the ETU is expected to reject the deal. 'This afternoon, the Combined Rail Unions (CRU) reached an in-principle agreement with Sydney Trains and NSW Trains for a new enterprise agreement,' the CRU said on Friday. 'Unfortunately, the ETU is blocking a vote by members effectively withholding any pay rise or new conditions that our EA delegates have fought so hard for. 'The reason they are blocking a vote is due to a misconceived claim to create a 'new section' for their members, for a purpose nobody understands.' The proposed Enterprise Agreement, facilitated by the Fair Work Commission, delivers rail workers a 12 per cent pay rise over three years plus back pay. It will deliver agreement on a number of technology-based solutions to improve recovery times when incidents on the tracks bring the system to a halt. For example, train crews will support the introduction of a new digital disruption management system that will end the current practice that relies on a manual system of phone calls and paper-based instructions during recovery from an incident. The unions and government have also reached agreement to move to a streamlined process for consulting on new fleet, systems and infrastructure projects.