The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of April. At the national level, the number of dwelling approvals fell by a seasonally adjusted 4.7% to 14,123. The overall fall in approvals was broad-based with the volatile unit & apartment segment (-6.5%) and detached house approvals (-2.6%) both falling.
In the year to April 2019, dwelling approvals crashed by a seasonally-adjusted 24.2%, with house approvals down 20.5% and unit approvals down by 28.8%:
