Tasmania's building approvals fall 2.2 per cent: ABS

The number of new homes approved in Tasmania has fallen for the second consecutive month, according to the Australian Bureau of Statistics.

Building approvals figures released by the ABS show a 2.2 per cent decline in July in trend terms, following a 0.8 per cent fall in June.

The fall in state figures mirrored the national decline of 0.5 per cent in trend terms - the seventh straight month of decline.

In other bad news for the property industry, the number of first-home buyers nationally has dropped to a four-year low, according to mortgage broker AFG.

AFG said that only 9.5 per cent of all new mortgages processed last month were for first-home buyers - the lowest level since June 2010.

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