Queensland was the only state to see an increase in housing approvals last November, as nation-wide numbers took a tumble.
The latest Australian Bureau of Statistics (ABS) data showed the total number of dwellings approved fell 3.6 percent in November to 14,998, following a 5.2 percent rise in October.
ABS Head of Construction Statistics Daniel Rossi said the fall in dwellings approved in November was across all residential building types.
Mr Rossi said approvals for private sector houses fell 1.7 percent, while private dwellings excluding houses dropped 10.8 percent.
“Despite the fall, approvals for total dwellings remain 3.2 percent higher than November 2023.”
He said the 1.7 percent fall in private sector house approvals across Australia (to 9028 dwellings), follows a 4 percent fall in October.
“Queensland was the only state to see growth in private sector house approvals in November, with a 4.3 percent rise.”
Mr Rossi said private sector dwellings excluding houses fell 10.8 percent (to 5285 dwellings), which was 6.4 per cent lower than one year ago.
“The drop in November was driven by a large fall in apartment approvals in New South Wales and Victoria, following a strong October result.”
