Dwelling approvals have recorded their third consecutive month of decline in November.

Latest figures from the Australian Bureau of Statistics showed a 9% decline in the number of dwellings approved in November, extending the 5.6% fall in October.

The decline was driven by units, which registered a 22.7% fall during the month. Meanwhile, approvals for houses only fell 2.5%.

Overall, the total dwelling approvals have already fallen 21.7% since August.

The biggest states to record declines during the month are New South Wales (-18.4%), Western Australia (-17.5%), and Victoria (-12.7%).

On the other hand, Tasmania and South Australia reported increases in approvals, with the former hitting a marked 75.7% growth.


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