Dwelling Approvals Down 0.8% October 2019

Dwelling Approvals Down 0.8% October 2019

Australian Bureau Of Statistics

Dwelling Approvals Fall In October

Victor P Taffa

Number of dwellings approved fell 0.8 % in October 2019, in trend terms, and has fallen for 23 months, according to data released by the Australian Bureau of Statistics (ABS) today.

“Fall was driven by approvals for private sector houses, which decreased by 0.9 % in October.” ABS Director of Construction Statistics Daniel Rossi said.

“Private dwellings excluding houses also fell, by 0.5 %.”

States And Territories

Dwelling Approvals Fell In:

  • Northern Territory (11.1 %),
  • New South Wales (4.6 %),
  • Queensland (1.4 %),
  • Western Australia (1.0 %).

Dwelling Approvals Rose In:

  • Tasmania (4.5 %),
  • South Australia (3.1 %),
  • Australian Capital Territory (3.1 %),
  • Victoria (1.3 %).

Approvals For Private Sector Houses Fell In:

  • New South Wales (2.3 %),
  • Victoria (1.7 %),
  • Western Australia (0.2 %),
  • Queensland (0.1 %).

Approvals For Private Sector Houses Rose In:

  • South Australia (2.0 %).

Seasonally adjusted estimate for total dwellings approved fell 8.1 % in October, driven by a 11.3 % decrease in private dwellings excluding houses. Private sector houses fell 7.0 %.

Value of total building approved fell 0.7 % in October, in trend terms, and has fallen for two months. The value of residential building fell 1.2 %, while non-residential building fell 0.2 %.