Australian dwelling approvals dropped 3.6% in November, reversing a previous month's gain.

Australian dwelling approvals fell by 3.6% in November to 14,998, reversing a 5.2% increase in October. Private house approvals dropped by 1.7%, while approvals for other private dwellings decreased by 10.8%. Despite the decline, total approvals are still 3.2% higher than in November 2023. The value of residential building fell by 0.5%, but non-residential building increased by 18.4%.

2 months ago
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