New data from the Australian Bureau of Statistics (ABS) shows that dwelling approvals tanked by 8.6% in July but were still up 21.5% year-on-year.
The falls were broad-based with detached house approvals down 5.8% and unit approvals down 12.3%.
Houses led approvals over the year, lifting 28.0% versus a 12.4% rise across the unit market.
