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The seasonally adjusted number of total dwellings approved in Australia fell 10.5% month-on-month to 17,300 units in March 2026, reversing a 31.0% surge in February, confirming preliminary data. This marked the steepest decline since late December, driven primarily by a sharp contraction in approvals for private sector dwellings excluding houses (-26.0% vs 101.1% in February), while growth in private sector house approvals eased to 0.9% from 2.0%. By region, total dwelling approvals declined in most states, including Victoria (-16.9%), Western Australia (-15.5%), Queensland (-6.4%), and South Australia (-2.1%), while increases were recorded in New South Wales (3.2%) and Tasmania (2.6%). Despite the monthly decline, total dwelling approvals were still up 9.0% year-on-year, following a 16.1% gain in the previous period.
