Dwelling Approvals Down 1.7 % In December 2017

Dwelling Approvals Down 1.7 % In December 2017

Australian Bureau Of Statistics

Dwelling Approvals Fall 1.7 % In December

Victor P Taffa

Number of dwellings approved fell 1.7 % in December 2017, in trend terms, and has fallen for 3 months, according to data released by the Australian Bureau of Statistics (ABS) today.

“Dwelling approvals have weakened in December, driven by a large decline in private dwellings excluding houses.” ABS Director of Construction Statistics Daniel Rossi said.

Approvals for private sector houses have remained stable, with just under 10,000 houses approved in December 2017.

Dwelling approvals decreased in December in

  • Australian Capital Territory (35.0 %),
  • Northern Territory (12.9 %),
  • New South Wales (5.6 %),
  • South Australia (2.4 %),
  • Western Australia (1.3 %),
  • Queensland (0.8 %),

Dwelling approvals increased in

  • Tasmania (3.1 %),
  • Victoria (2.5 %).

In trend terms, approvals for private sector houses fell 0.2 % in December.

Private sector house approvals fell in

  • South Australia (1.5 %),
  • Western Australia (0.9 %),
  • New South Wales (0.2 %).

Private sector house approvals rose in Queensland (0.4 %).

Private sector house approvals were flat in Victoria.

In seasonally adjusted terms, dwelling approvals decreased by 20.0 % in December, driven by a fall in private dwellings excluding houses (39.2 %), while private house approvals rose 1.0 %.

Value of total building approved fell 0.3 % in December, in trend terms, after rising for 11 months. The value of residential building fell 0.2 % while non-residential building fell 0.4 %.