Aussie dwelling approvals falling

New data released today by the Australian Bureau of Statistics (ABS) shows that dwelling approvals fell by 0.7% in June to be down 17.2% year-on-year.

The fall was driven by unit approvals, which fell 5.7%, whereas house approvals rose 1.2%.

Over the year, houses approvals fell 22.0% whereas unit approvals fell 10.1%.

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