Total approved dwellings fell 8.8% to 15,220 in seasonally adjusted terms in March, after falling 0.2% in February, according to data from the Australian Bureau of Statistics.
Approvals for total dwellings decreased in most states, including Tasmania, Victoria, Western Australia, and South Australia.
Private sector houses slid 4.5% to 8,804, while private sector dwellings, excluding houses, fell 15.1% to 6,104.
The total approved building value rose 9.4% to AU$15.59 billion. The total residential building value decreased 7.6% to AU$8.98 billion, while the non-residential building value increased by 46% to AU$6.61 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.