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 rose by a seasonally adjusted 1.5% to 18,849. The overall rise was driven by the volatile unit & apartment market (+2.6%), whereas house approvals rose by 0.6%.
In the year to September 2017, dwelling approvals rose by a seasonally-adjusted 0.2%, with unit approvals down by 2.4% whereas detached house approvals rose by 2.1%: