Australian Bureau of Statistics data shows approvals for dwellings in Australia has fallen 6.1 per cent, with the biggest drop for approvals in medium and high-density homes. Housing experts say the decline is being caused by rising construction costs and increased risk. Australian Bureau of Statistics data shows approvals for dwellings in Australia has fallen 6.1 per cent, with the biggest drop for approvals in medium and high-density homes. Housing experts say the decline is being caused by rising construction costs and increased risk. Housing Policy, Public Housing, Rental Housing, Housing Market, Housing Construction Industry, Business, Economics and Finance, Community and Society Latest business news