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Total Number of Dwelling Approvals in Australia Falls in April

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Seasonally adjusted data revealed that the total number of dwellings approved in Australia fell 3.4% to 16,710 in April from 17,307 in the previous month, figures from the Australian Bureau of Statistics showed on Tuesday.

Private sector housing approvals edged down 1% to 10,088 in April, while approvals for private sector dwellings excluding houses fell 3.6% to 6,403, according to the ABS data.

Meanwhile, the value of total non-residential building approvals rose over 29.4% to AU$7.75 billion, and the value of total residential building approvals fell 0.3% to AU$10.89 billion.

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