New data from the Australian Bureau of Statistics (ABS) shows that dwelling approvals fell by 4.3% in September but were up 12.8% year-on-year.
The fall was driven by detached house approvals, which tanked 16.0%. This was partly offset by unit approvals, which surged 18.1%.
Over the year, houses approvals fell 2.7% whereas unit approvals rocketed 47.2%.
