New South Wales Dwelling Approvals Down 13.4% November 2010

New South Wales Dwelling Approvals Down 13.4% November 2010

Australian Bureau Of Statistics

Dwelling Approvals Fall In November 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved fell 4.2% in November 2010, in seasonally adjusted terms, after rising 8.3% in October.

According to the ABS, Victoria (3.1%), Queensland (3.3%) and Western Australia (7.1%) recorded more dwelling approvals this month while New South Wales (-13.4%) and South Australia (-2.7%) recorded fewer dwelling approvals in seasonally adjusted terms.

 

Private sector houses approved fell 1.7% with falls in New South Wales (-4.9%) and Victoria (-2.8%) while Queensland (4.1%) and Western Australia (0.9%) rose. South Australia remained steady.

The value of total building approved fell 3.5% in November in seasonally adjusted terms. The value of total residential building fell by 5.9% while non-residential building rose by 1.4%.

NOVEMBER KEY FIGURES

Nov 10

Oct 10 to Nov 10

Nov 09 to Nov 10

no.

% change

% change


TREND
Total dwelling units approved

12, 953

-0.4

-10.3

Private sector houses

8, 143

-0.8

-15.8

Private sector other dwellings

4, 298

1.2

23.6

SEASONALLY ADJUSTED
Total dwelling units approved

13, 158

-4.2

-9.9

Private sector houses

8, 150

-1.7

-14.7

Private sector other dwellings

4, 480

-5.5

23.9