The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of June. At the national level, the number of dwelling approvals fell by a seasonally adjusted 8.2% to 17,868. The overall fall was driven by the volatile unit and apartment segment, which slumped by 20.4% in June. By comparison, the more stable house approvals segment rose by 4.3% over the month.
The result missed expectations, who had expected only a 1.0% fall in approvals over the month.
