The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of April. At the national level, the number of dwelling approvals rose by a seasonally adjusted 3.0% to 20,243. The overall rise was driven by the volatile unit and apartment segment, which jumped another 8.7%, more than offsetting a 2.3% fall in house approvals.
In the year to April 2016, dwelling approvals rose by a seasonally-adjusted 0.7%, with rising unit approvals (+13.0%) more than offsetting falling detached house approvals (-8.9%):
