Dwelling Approvals Up 0.9 % For November 2017

Dwelling Approvals Up 0.9 % For November 2017

Australian Bureau Of Statistics

Dwelling Approvals Rise 0.9 % In November

Victor P Taffa

Number of dwellings approved rose 0.9 % in November 2017, in trend terms, and has risen for 10 months, according to data released by the Australian Bureau of Statistics (ABS) today.

“Dwelling approvals have continued to rise in recent months, which have been driven by renewed strength in approvals for apartments.” Director of Construction Statistics at the ABS Justin Lokhorst said.

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

In trend terms dwelling approvals increased in

  • Victoria (5.6 %),
  • Tasmania (3.1 %),
  • South Australia (0.1 %).

In trend terms dwelling approvals decreased in

  • Australian Capital Territory (21.9 %),
  • Northern Territory (3.8 %),
  • Queensland (1.2 %),
  • New South Wales (0.9 %),
  • Western Australia (0.6 %).

In trend terms, approvals for private sector houses fell 0.1 % in November.

Private sector house approvals fell in

  • Western Australia (3.3 %),
  • New South Wales (0.8 %),
  • Queensland (0.4 %).

Private sector house approvals rose in

  • South Australia (1.3 %),
  • Victoria (1.1 %).

In seasonally adjusted terms, dwelling approvals increased by 11.7 % in November, driven by a rise in private dwellings excluding houses (30.6 %), while private house approvals fell 2.0 %.

Value of total building approved rose 1.5 % in November, in trend terms, and has risen for 11 months. The value of residential building rose 2.3 % while non-residential building rose 0.2 %.