FX.co ★ Australia Building Approvals Confirm 7.2% Rise in June

Australia’s seasonally adjusted dwelling approvals rose 7.2% month-over-month to a four-month high of 18,328 units in June 2026, confirming preliminary estimates and reversing a 1.6% decline in May. The increase was largely driven by a 17.8% jump in approvals for private sector dwellings excluding houses, which rose to 7,138 units, while approvals for private sector houses edged up 0.4% to 10,631.

On an annual basis, total dwelling approvals were 8.9% higher, underpinned by a 15.8% rise in approvals for private sector houses. In contrast, approvals for private sector dwellings excluding houses fell 1.5%. In trend terms, total dwelling approvals increased 2.0% to 18,449 units.

By state, approvals rose sharply in Queensland (33.4%), and also increased in New South Wales (13.2%) and Western Australia (10.7%). Declines were recorded in Tasmania (-22.5%), Victoria (-13.9%), and South Australia (-11.5%).