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Australia’s seasonally adjusted dwelling approvals fell 3.6% month-over-month to 17,687 units in July 2026, less than market expectations for a 4.8% drop and following a revised 6.9% gain in June, according to preliminary estimates. The decrease was driven by a 4.2% slide in approvals for private sector houses to 10,199, along with a 0.4% reduction in approvals for private sector dwellings excluding houses to 7,119 units. Compared with a year earlier, total dwelling approvals increased 9.0%, with approvals for private sector houses rising 6.0%, while approvals for private sector dwellings excluding houses plunged 19.9%. In trend terms, total dwelling approvals rose 0.8% to 18,365 units. Across the states, total dwelling approvals dipped in Queensland (-13.9%), New South Wales (-8.1%), and Western Australia (-0.3%), but increased in Tasmania (15.2%), Victoria (9.7%), and South Australia (5.9%).
