The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of March. At the national level, the number of dwelling approvals rose by a seasonally adjusted 2.6% to 19,603. The overall rise was driven by the unit & apartment market (+6.1%), whereas house approvals rose by 1.1%.
In the year to March 2018, dwelling approvals rose by a seasonally-adjusted 14.5%, with unit approvals up by 21.4% whereas detached house approvals rose by 10.4%:
