Queensland Dwelling Approvals Down October 2010

Queensland Dwelling Approvals Down October 2010

Australian Bureau Of Statistics

Dwelling Approvals Rise In October 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved rose 9.3% in October 2010, after falling for six consecutive months in seasonally adjusted terms.

According to the ABS, New South Wales (14.0%), Victoria (4.6%), South Australia (6.1%) and Western Australia (2.3%) recorded more dwelling approvals this month while Queensland reported fewer dwelling approvals (-0.7%) in seasonally adjusted terms.

 

Private sector houses approved rose 1.5% with rises in New South Wales (3.5%), Victoria (3.1%) and Western Australia (2.4%), while Queensland (-8.1%) and South Australia (-2.1%) fell.

The value of total building approved rose 4.1% in October in seasonally adjusted terms. The value of total residential building rose by 8.2% while non-residential building fell by -3.8%.

October Key Figures

 

Oct 10

Sep 10 to Oct 10

Oct 09 to Oct 10

no.

% change

% change


TREND
Total dwelling units approved

12,692

-0.9

-8.7

Private sector houses

8, 196

-0.5

-14.2

Private sector other dwellings

3, 991

-1.0

21.5

SEASONALLY ADJUSTED
Total dwelling units approved

13, 541

9.3

1.2

Private sector houses

8, 284

1.5

-15.7

Private sector other dwellings

4, 576

23.6

67.3


OCTOBER KEY POINTS

TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved fell 0.9% in October 2010 and is showing falls for eight months.
  • The seasonally adjusted estimate for total dwellings approved rose 9.3% following falls in the previous six months.

 PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved fell 0.5% in October and has fallen for ten months.
  • The seasonally adjusted estimate for private sector houses approved rose 1.5% following falls in the previous four months.

PRIVATE SECTOR OTHER DWELLING UNITS

  • The trend estimate for private sector other dwellings approved fell 1.0% in October and has fallen for five months.
  • The seasonally adjusted estimate for private sector other dwellings approved rose 23.6% following a fall of 14.8% last month.

VALUE OF BUILDING APPROVED

  • The trend estimate for the value of total building approved fell 0.9% in October and has fallen for seven months.
  • The trend estimates for the value of building approved should be interpreted with caution. See the data notes on page 2 of this publication.
  • The seasonally adjusted estimate for the value of total building approved rose 4.1% in October. The seasonally adjusted estimate for the value of new residential building rose 8.2% and the value of residential alterations and additions rose 7.9%. The seasonally adjusted estimate for the value of non-residential building fell 3.8%.