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 tanked by a seasonally adjusted 8.1% to 13,049. The overall fall in approvals was broad-based, with both units & apartments (-11.3%) and houses (-7.0%) diving.
In the year to October 2019, dwelling approvals crashed by a seasonally-adjusted 23.6%, with house approvals down 19.4% and unit approvals tanking by 30.8%:
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