Australia’s seasonally adjusted dwelling approvals fell 6.1% month-on-month to a seven-month low of 16,953 units in August 2026, matching the flash estimate and deepening from a 1.9% decline in the previous month. It was the fifth time of contraction so far this year, with approvals for private-sector dwellings excluding houses plummeting (-21.2% vs 0.8% in July) to 5,674 units. In contrast, private-sector house approvals rebounded (3.7%vs -1.9%) to 10,885 units. Across the states, dwelling approvals declined in Queensland (-22.5%), New South Wales (-17.3%) and Tasmania (-1.5%), but increased in South Australia (24.0%), Victoria (8.9%) and Western Australia (3.2%). On a yearly basis, building approvals rose 10.3%, easing slightly from a 10.9% gain in July.