Building Approvals Down 6.6% September 2010

Building Approvals Down 6.6% September 2010

Australian Bureau Of Statistics

Dwelling Approvals Continue To Fall In September 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved fell 6.6% in September 2010 and are now showing falls for six months, in seasonally adjusted terms.

According to the ABS, Tasmania recorded a rise in dwelling approvals (1.0%) this month, while New South Wales (-1.5%), Victoria (-10.0%), Queensland (-2.3%), South Australia (-24.9%) and Western Australia (-2.0%) all fell, in seasonally adjusted terms.

 

Private sector houses approved fell 2.2% with falls in Victoria (-3.6%) and Western Australia (-10.7%), while New South Wales (8.1%), Queensland (0.5%) and South Australia (0.4%) rose.

The value of total building approved fell 3.2% in September in seasonally adjusted terms. The value of total residential building fell by 4.5% while non-residential building fell by 0.7% following a rise last month.

SEPTEMBER KEY FIGURES

Sep 10

Aug 10 to Sep 10

Sep 09 to Sep 10

no.

% change

% change


TREND
Total Dwelling Units Approved

12, 431

-3.7

-6.5

Private sector houses

8, 071

-1.8

-13.8

Private sector other dwellings

3, 931

-3.5

28.2

SEASONALLY ADJUSTED
Total Dwelling Units Approved

12, 143

-6.6

-11.6

Private sector houses

7, 984

-2.2

-14.1

Private sector other dwellings

3, 634

-15.7

-0.6


SEPTEMBER KEY POINTS

TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved fell 3.7% in September 2010 and is showing falls for seven months.
  • The seasonally adjusted estimate for total dwellings approved fell 6.6% and has fallen for six months.

PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved fell 1.8% in September and has fallen for nine months.
  • The seasonally adjusted estimate for private sector houses approved fell 2.2% and has fallen for four months.

PRIVATE SECTOR OTHER DWELLING UNITS

  • The trend estimate for private sector other dwellings approved fell 3.5% in September and is now showing falls for four months.
  • The seasonally adjusted estimate for private sector other dwellings approved fell 15.7% following a rise in the previous month.

VALUE OF BUILDING APPROVED

  • The trend estimate for the value of total building approved fell 2.7% in September and has fallen for seven months.
  • The trend estimates for the value of building approved should be interpreted with caution. See the data notes on page 2 of this publication.
  • The seasonally adjusted estimate for the value of total building approved fell 3.2% in September. The seasonally adjusted estimate for the value of new residential building fell 5.4% and the value of residential alterations and additions rose 1.0%. The seasonally adjusted estimate for the value of non-residential building fell 0.7%.

REVISIONS THIS MONTH

Revisions to the total number of dwelling units approved in this issue are:

2009-10

2010-11

TOTAL


NSW

24

7

31

Vic.

239

36

275

Qld

-12

-8

-20

SA

1

1

WA

2

2

Tas.

-1

-1

NT

ACT

2

2

Total

252

38

290