Australia Private House Approvals Hit 8-Month High

2026-07-01 01:55 By Nicole Aliyah 1 min. read

Private house approvals in Australia rose by 2.8% month-over-month to 10,537 units in May 2026, according to preliminary estimates, rebounding from a revised 0.4% decline in the previous month.

The latest reading marked the highest since September 2025, driven by higher approvals in Western Australia (9.9%), New South Wales (7.8%), and Victoria (2.2%), which offset declines in Queensland (-3.6%) and South Australia (-1.0%).

On an annual basis, private house approvals rose by 13.2% in May, the strongest growth since September 2024, and accelerating from an upwardly revised 8.3% increase in the preceding period.



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