Dwelling approvals flat in December
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 was basically flat, declining by a seasonally adjusted 0.2% to 14,752. The overall slide in approvals was broad-based, with both units & apartments (-0.1%) and houses (-0.1%) posting small falls.
However, in the 2019 calendar year, dwelling approvals rose a seasonally-adjusted 2.7%, with unit & apartment approvals rising by 19.4% but house approvals falling by 7.1%:

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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