The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of July. At the national level, the number of dwelling approvals fell by a seasonally adjusted 1.7% to 18,299. The overall fall was driven by the volatile unit & apartment market (-6.7%), whereas house approvals were dead flat.
In the year to July 2017, dwelling approvals fell by a seasonally-adjusted 13.9%, with unit approvals down by 29.5% whereas detached house approvals rose by 2.3%:
