Dwelling approvals fell sharply in June

Tuesday 2 August 2016

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 2.9% to 18,693. The overall fall was broad-based with the volatile unit and apartment segment falling by 2.4% and the more stable house approvals segment falling by 2.3%.

In the year to June 2016, dwelling approvals fell by a seasonally-adjusted 5.9%, with both house approvals (-5.9%) and unit approvals (-4.8%) falling:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.