The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of September. At the national level, the number of dwelling approvals fell by a seasonally adjusted 8.7% to 18,945. The overall fall was driven by the volatile unit and apartment segment, which fell by 16.3% and more than offset a 2.3% rise in house approvals.
In the year to September 2016, dwelling approvals fell by a seasonally-adjusted 6.4%, with unit approvals down by 9.9% and detached house approvals down by 1.8%: