These have been slowing a little, though there is a huge pipeline of work to come. The data today is due at 0030 GMT
I posted a real quick preview on this yesterday: Australian data - preview of November building approvals
This now, via Westpac (in brief and bolding mine):
- Dwelling approvals again surprised to the upside in October
- While some of the ... gain will likely be sustained, the high rise component is likely to unwind October's big gain. With indicators pointing to a leg lower in high rise activity in the year ahead and a moderate pull back in non high rise approvals, which were strong through the middle of the year, November could easily see a sharp fall.
- On balance we expect approvals to decline 1.5% but risks are to the downside
