The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of June. At the national level, the number of dwelling approvals rose by a seasonally adjusted 6.4% to 19,133. The overall rise in approvals was broad-based with both the unit & apartment segment (+7.2%) and detached house segment (+5.0%) posting increases.
In the year to June 2018, dwelling approvals rose by a seasonally-adjusted 1.6%, with house approvals up by 2.1% whereas unit approvals rose by 0.9%:
