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%:
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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