The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of July. At the national level, the number of dwelling approvals crashed by a seasonally adjusted 9.7% to 12,944. The overall slump in approvals was broad-based with both houses (-3.3%) and units (-18.4%) falling.
In the year to July 2019, dwelling approvals crashed by a seasonally-adjusted 28.8%, with house approvals down 16.6% and unit approvals tanking by 44.2%:
A chart showing the time series of seasonally-adjusted dwelling approvals at the national level is provided below, split-out by detached houses and units & apartments:
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