The seasonally adjusted number of total dwellings approved in Australia jumped 15.2% month-on-month to a near four-year high of 18,406 units in November 2025, reversing a downwardly revised 6.1% decline in the previous month, according to preliminary data. The rebound was driven by a strong rebound in permits for private sector dwellings excluding houses (34.1% vs -13.5% in October). At the same time, approvals for private sector houses recovered modestly (1.3% vs. -1.3%). Regionally, building permits increased in New South Wales (28.7%), Victoria (23.8%), Queensland (34.2%), and South Australia (1.0%). In contrast, approvals declined in Western Australia (-14.1%) and Tasmania (-5.8%). On an annual basis, dwelling approvals jumped 20.2%, swinging from a downwardly revised 1.1% fall in October.