The total number of building approvals issued in Australia was down a seasonally adjusted 1.5 percent on month in October, the Australian Bureau of Statistics said on Monday - coming in at 17,070.
That was in line with expectations following the 3.3 percent increase in September.
On a yearly basis, approvals tumbled 13.4 percent - but that also exceeded expectations for a fall of 14.0 percent after sliding 14.1 percent in the previous month.
Approvals for private sector houses added 2.7 percent on month but fell 4.1 percent on year. Approvals for private sector dwellings excluding houses dropped 4.8 percent on month and 22.2 percent on year.
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