The total number of building approvals issued in Australia was down a seasonally adjusted 2.9 percent on month in June, the Australian Bureau of Statistics said on Tuesday - coming in at 18,693.
That was well shy of forecasts for an increase of 0.8 percent following the 5.2 percent contraction in May.
Individually, residential building approvals were down 3.4 percent on month, while non-residential approvals slid 2.4 percent.
On a yearly basis, building approvals sank 5.9 percent after sliding 9.1 percent in the previous month.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.