HomeBuilder drives big rise in dwelling approvals

The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of November. At the national level, the number of dwelling approvals rose by a seasonally adjusted 2.6% to 17,205. The overall rise in approvals was driven by house approvals, which surged by 6.1% whereas the volatile units & apartments segment fell by 3.9%.

Over the year, dwelling approvals rose by 15.0%, with house approvals surging by 33.6% whereas unit & apartment approvals fell by 13.0%:

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