Australia’s seasonally adjusted dwelling approvals fell 6.1% month-on-month to a seven-month low of 16,953 units in August 2026, exceeding market expectations for a 2% drop and following a revised 1.9% decline in July, according to preliminary estimates. The decrease was driven by a 21.2% slide in approvals for private sector dwellings excluding houses to 5,674 units. Meanwhile, approvals for private sector houses rose 3.7% to 10,885. Compared with a year earlier, total dwelling approvals increased 10.3%, with approvals for private sector dwellings excluding houses decreasing 2.1%, while approvals for private sector houses climbed 18.4%. In trend terms, total dwelling approvals declined 0.8% from the previous month to 18,202 units. Across the states, total dwelling approvals plunged month-over-month 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%).