The total number of building approvals issued in Australia climbed unexpectedly in April, the Australian Bureau of Statistics said on Tuesday.
The seasonally adjusted estimate for total dwellings approved rose 3.0 percent monthly in April, following a 2.9 percent spike in March.
It was the second successive monthly increase. Meanwhile, economists had expected a 3.0 percent fall for the month.
Private sector house approvals dropped 2.3 percent in April after rising in the prior two months. At the same time, private sector dwellings excluding houses grew 8.7 percent.
On an annual basis, building consents went up 0.7 percent in April, reversing a 5.4 percent decline a month earlier.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.