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Australia's dwelling approvals fell 5.7% in April, with a significant drop in apartment approvals.
Australia saw a 5.7% drop in dwelling approvals in April, with apartment approvals falling 19.0%, according to the ABS.
Despite this, private house approvals rose 3.1%.
The Property Council warns this decline could hinder reaching the target of 1.2 million new homes by 2029.
Canberra's approvals dropped sharply to 84 from 681, highlighting the need for improved planning systems and reduced red tape to boost housing construction.
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Las aprobaciones de viviendas de Australia cayeron un 5,7% en abril, con una caída significativa en las aprobaciones de apartamentos.