Dwelling Approvals Down 1.9% In September 2018

Dwelling Approvals Down 1.9% In September 2018

Australian Bureau Of Statistics

Dwelling Approvals Fall In September

Victor P Taffa

Number of dwellings approved in Australia fell by 1.9 % in September 2018 in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today.

“Fall was mainly driven by private dwellings excluding houses, which decreased by 2.7 % in September.” ABS Director of Construction Statistics Daniel Rossi said.

“Private sector houses also fell, by 1.5 %.”

States And Territories

Dwelling approvals fell in:

  • Australian Capital Territory (8.4 %),
  • Northern Territory (6.9 %),
  • South Australia (3.9 %),
  • Queensland (2.3 %),
  • Western Australia (2.1 %),
  • New South Wales (1.3 %),
  • Victoria (1.0 %).

Tasmania was the only state to see an increase in dwelling approvals (1.5 %) in trend terms.

Approvals for private sector houses fell 1.5 % in September in trend terms.

Private sector house approvals fell in:

  • Queensland (3.1 %),
  • South Australia (3.0 %),
  • Western Australia (2.2 %),
  • Victoria (1.7 %).

New South Wales recorded an increase of 0.5 %.

In seasonally adjusted terms, total dwellings rose by 3.3 % in September, driven by a 9.2 % increase in private dwellings excluding houses. Private houses fell 2.7 % in seasonally adjusted terms.

Value of total building approved fell 1.3 % in September, in trend terms, and has fallen for 11 months. The value of residential building fell 1.7 % while non-residential building fell 0.7 %.