Australia Private House Approvals Confirmed at 8-Month High

2026-07-08 01:57 By Farida Husna 1 min. read

Private house approvals in Australia rose 2.8% month-on-month to 10,537 units in May 2026, rebounding from a 0.4% decline in the previous month and marking the strongest monthly growth since September 2025.

The outcome matched preliminary estimates, driven by higher approvals in Western Australia (9.9%), New South Wales (7.8%), and Victoria (2.2%), which more than offset declines in Queensland (-3.6%) and South Australia (-1.0%).

On an annual basis, approvals climbed 13.2%, the fastest pace since September 2024, accelerating from an 8.3% increase in April.



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