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- The number of dwellings approved rose 12.0% in July, in seasonally adjusted terms, the Australian Bureau of Statistics (ABS) Tuesday.
- "The rise was driven by private sector dwellings excluding houses, which increased by 22.7% in July, after falling to an eight-year low in June," said Daniel Rossi, Director of Construction Statistics at the ABS. "Meanwhile, private sector houses rose by 8.5%, which was the strongest monthly increase since January 2014."
- "The July results likely reflect improved consumer sentiment in May, on the back of falling COVID-19 cases and easing of restrictions," he added