Dwelling Approvals Down 2.5 % December 2016

Dwelling Approvals Down 2.5 % December 2016

Australian Bureau Of Statistics

Dwelling Approvals Fall In December

Victor P Taffa

Number of dwellings approved fell 2.5 % in December 2016, in trend terms, and has fallen for seven consecutive months, according to the latest figures released by the Australian Bureau of Statistics (ABS) today.

December dwelling approvals decreased in trend terms, in

  • New South Wales (6.3 %),
  • Queensland (5.0 %),
  • Australian Capital Territory (2.0 %),
  • South Australia (1.3 %),
  • Western Australia (0.3 %).

December dwelling approvals increased in trend terms, in

  • Tasmania (3.8 %),
  • Victoria (1.5 %),
  • Northern Territory (1.4 %).

Approvals for private sector houses fell 0.4 % in December in trend terms.

Private sector house approvals fell in

  • Western Australia (1.2 %),
  • South Australia (0.7 %),
  • New South Wales (0.5 %),
  • Victoria (0.2 %),
  • Queensland (0.1 %).

Seasonally adjusted terms, dwelling approvals decreased by 1.2 % in December, driven by a fall in total house approvals (2.2 %). Total dwellings excluding houses rose 0.1 %.

Value of total building approved fell 3.5 % in December, in trend terms, and has fallen for 5 months. The value of residential building fell 2.4 % while non-residential building fell 5.6 %.