Dwelling Approvals Down By 0.6 % In March 2019

Dwelling Approvals Down By 0.6 % In March 2019

Australian Bureau Of Statistics

Dwelling Approvals Fall In March

Victor P Taffa

Number of dwellings approved in Australia fell by 0.6 % in March 2019, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today.

“Overall decrease was driven by private sector houses, which declined 1.4 % in trend terms.” ABS Director of Construction Statistics Justin Lokhorst said.

“However, private dwellings excluding houses rose by 0.8 %.”

States And Territories

Total Dwelling Approvals

Total dwelling approvals fell in:

  • Victoria (3.5 %),
  • Queensland (1.4 %).

Total dwelling approvals increased in:

  • Australian Capital Territory (4.8 %),
  • Northern Territory (3.9 %),
  • Western Australia (3.8 %),
  • New South Wales (0.8 %),
  • South Australia (0.4 %).

Total dwelling approvals were flat in Tasmania.

Private Sector House Approvals

Approvals for private sector houses fell 1.4 % nationally in trend terms. Declines were recorded in the three largest states:

  • New South Wales (3.4 %),
  • Victoria (1.8 %),
  • Queensland (0.9 %).

Increases were recorded in:

  • Western Australia (1.0 %),
  • South Australia (0.9 %).

Seasonally Adjusted Terms

In seasonally adjusted terms, total dwellings declined by 15.5 % in March, largely driven by falls in:

  • New South Wales (27.4 %),
  • Victoria (27.0 %).

Decline was led by private dwellings excluding houses which fell 30.6 %, while private house approvals decreased 3.2 %.

Value of total building approved was flat in March, in trend terms. The value of residential building rose 0.4 %, while non-residential building fell 0.6 %.