Aussie total dwelling approvals up 7.2% in June

·       Australian Bureau of Statistics reported that total dwelling approvals rose 7.2% to 18,328 in June.

·       The construction sector figures reflected contrasting movements, with apartment approvals jumping while non-residential building values fell 24.7%.

·       Australian Bureau of Statistics data indicated that annual approvals reached 205,249 dwellings over the 2025-26 financial year, marking a 9.2% increase from the prior year.

Australian Bureau of Statistics reported that total dwelling approvals rose 7.2% to 18,328 in June, according to seasonally adjusted data.

Private dwellings excluding houses increased by 17.8% to 7,138 approvals, reversing an 11% fall recorded in May.

"Private sector house approvals rose 0.4% in June, marking the sixth month in a row with more than 10,000 private sector houses approved across Australia," said Australian Bureau of Statistics head of construction statistics Daniel Rossi.

Queensland recorded the largest rise in private sector house approvals with a 2.9% increase, while Western Australia experienced a 5.4% decline.

The average approval value for a new house reached $517,430 during the 2025-26 financial year, representing a 5% rise compared to $492,931 in 2024-25.

Total building approvals valued at $20 billion were recorded in June, representing a 5.5% decrease following a 12.2% rise in May.

Residential building values grew 15.1% to $11.75 billion, while non-residential building values dropped 24.7% to $8.26 billion following a record high in the previous month.