On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for March, which recorded an 8.8% monthly fall to 15,220 approvals. House approvals fell by 4.5% in March, while unit & apartment approvals fell by 15.1%. Annual approvals rose to 180,740, up 10% on the June 2024 low of 164,254. As illustrated below,
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