The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of December. At the national level, the number of dwelling approvals fell by a seasonally adjusted 1.2% to 17,327. The overall fall was driven by detached houses, which fell by 1.6%, more than offsetting a 0.9% increase in unit approvals.
In the year to December 2016, dwelling approvals fell by a seasonally-adjusted 11.4%, with unit approvals down by 13.0% and detached house approvals down by 9.6%:
