Building approvals are at a 2-year low.
In fact, only 849 units were approved in Sydney in November and a somewhat healthier 1,922 in Melbourne.
Annual approvals for attached dwellings are running at around decade lows in the major cities, and are sinking fast again in Brisbane.
Detached house approvals are falling away fast in all of the capital cities except for Adelaide, in the post-HomeBuilder stimulus environment.
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Overall, there were just 13,898 dwellings approved in November on a seasonally adjusted basis, down 9 per cent from a month earlier, and down 15 per cent from a year earlier.