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Commodity Mid Session News

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(08 Sep 2025, 09:49)

Economic Buzz: Australia dwelling approvals tumble 8.2% in July

Australia’s dwelling approvals fell sharply by 8.2% in July to 15,769 units, reversing June’s strong rebound. The drop was mainly driven by a steep 22.3% slump in private sector unit approvals, while private house approvals edged up by 1.1%. On a yearly basis, approvals rose by a modest 6.6%, down from 28% growth last month, signaling a potential slowdown in the housing sector amid rising construction costs and tighter lending conditions.
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