The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of December. At the national level, the number of dwelling approvals fell by a seasonally adjusted 8.4% to 13,995. The overall fall in approvals was driven by the volatile unit & apartment segment (-18.8%), whereas the detached house segment also fell by 2.2%.
In the year to December 2018, dwelling approvals fell by a seasonally-adjusted 22.5%, with house approvals down 11.3% whereas unit approvals fell by 38.0%:
