Dwelling Approvals Up 0.1 % In June 2017

Dwelling Approvals Up 0.1 % In June 2017

Australian Bureau Of Statistics

Trend Dwelling Approvals Rise 0.1 % In June

Victor P Taffa

Number of dwellings approved rose 0.1 % in June 2017, in trend terms, after falling for 3 months, according to data released by the Australian Bureau of Statistics (ABS) today.

“Dwelling approvals have been relatively stable in trend terms over the first six months of the year, after falling from record highs in mid-2016.” Daniel Rossi, ABS Director of Construction Statistics said.

“June 2017 data showed that the number of dwellings approved is now 15 % below the peak in May 2016.”

Dwelling approvals increased for June in

  • Australian Capital Territory (5.9 %),
  • South Australia (3.2 %),
  • Western Australia (1.7 %),
  • Queensland (1.1 %),
  • Tasmania (0.7 %),

Dwelling approvals In trend terms decreased for

  • Northern Territory (2.7 %),
  • Victoria (1.9 %).

Dwelling approvals were flat in New South Wales.

In trend terms, approvals for private sector houses rose 0.8 % in June.

Private sector house approvals rose in

  • Queensland (1.8 %),
  • New South Wales (1.1 %),
  • Victoria (0.5 %),

Private sector house approvals fell in

  • Western Australia (0.6 %),
  • South Australia (0.1 %).

In seasonally adjusted terms, dwelling approvals increased by 10.9 % in June, driven by a rise in total dwellings excluding houses (20.1 %), while total house approvals rose 4.0 %.

Value of total building approved rose 1.3 % in June, in trend terms, and has risen for 5 months. The value of non-residential building rose 3.4 % while residential building fell 0.1 %.