Aussie dwelling approvals tanked in March

New data from the Australian Bureau of Statistics (ABS) shows that dwelling approvals fell by 18.5% in March and were down 35.6% year-on-year.

The fall was driven by unit approvals, which fell 32.2%, whereas house approvals fell 3.0%.

Over the year, houses approvals fell 32.2% whereas unit approvals fell 41.0%.

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