✓ Australian Bureau of StatisticsMoney & Work
House approvals rise as higher-density homes fall
May approvals split sharply: private houses rose 2.8%, while other private dwellings fell 10.4%.
Australian dwelling approvals fell 1.1% in May to 17,019 after seasonal adjustment, according to the ABS. Private house approvals rose 2.8% to 10,537, while private dwellings excluding houses dropped 10.4% to 6,034.
Residential building value fell 5.7% to $10.24 billion, but non-residential value increased 41.0% to $10.83 billion during the month. The figures are seasonally adjusted.
- 17,019
- Total approvals
- 2.8%
- House change
- 10.4%
- Other dwellings
Why it mattersThe split shows detached housing and higher-density supply moving in opposite directions within the same monthly pipeline.
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