The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of January. At the national level, the number of dwelling approvals rebounded by a seasonally adjusted 2.5% to 14,395. The overall rise in approvals was broad-based with both detached house approvals (+2.1%) and unit & apartment approvals (+2.7%) rising.
However, in the year to January 2019, dwelling approvals fell by a seasonally-adjusted 28.6%, with house approvals down 6.6% and unit approvals crashing by 51.0%:
