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 3.3% to 17,081. The overall rise in approvals was driven by the volatile unit & apartment segment (+9.2%), whereas the detached house segment (-2.7%) posted a fall.
In the year to September 2018, dwelling approvals fell by a seasonally-adjusted 14.1%, with house approvals down 7.5% whereas unit approvals fell by 21.9%:
