The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of October. At the national level, the number of dwelling approvals fell by a seasonally adjusted 1.5% to 17,070. The overall fall in approvals was driven by the volatile unit & apartment segment (-4.8%), whereas the detached house segment (+2.7%) posted an increase.
In the year to October 2018, dwelling approvals fell by a seasonally-adjusted 13.4%, with house approvals down 4.1% whereas unit approvals fell by 22.2%:
