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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.