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 fell by a seasonally adjusted 9.1% to 15,465. The overall fall in approvals was driven by the volatile unit & apartment segment (-17.9%), whereas the detached house segment also fell by 2.6%.
In the year to November 2018, dwelling approvals fell by a seasonally-adjusted 13.4%, with house approvals down 4.1% whereas unit approvals fell by 22.2%:
