Dwelling Approvals Down By 1.3 % For July 2018

Dwelling Approvals Down By 1.3 % For July 2018

Australian Bureau Of Statistics

Dwelling Approvals Fall In July

Victor P Taffa

Number of dwellings approved in Australia fell by 1.3 % in July 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 1.8 % in July.” Director of Construction Statistics at the ABS Justin Lokhorst said.

“Private sector houses also fell, by 0.9 %.”

States And Territories

Dwelling approvals in trend terms fell in:

  • Victoria (4.3 %),
  • New South Wales (2.2 %),
  • South Australia (0.6 %),
  • Queensland (0.3 %).

Dwelling approvals rose in trend terms in:

  • Australian Capital Territory (12.2 %),
  • Tasmania (5.1 %),
  • Northern Territory (4.5 %),
  • Western Australia (1.0 %).

In trend terms, approvals for private sector houses fell 0.9 % in July.

Private sector house approvals fell in:

  • Victoria (2.4 %),
  • South Australia (0.9 %),
  • New South Wales (0.7 %),
  • Queensland (0.3 %).

Private sector house approvals rose in Western Australia (1.1 %).

In seasonally adjusted terms, total dwellings fell by 5.2 % in July, driven by a 6.6 % decrease in private dwellings excluding houses. Private houses fell 3.0 % in seasonally adjusted terms.

Value of total building approved fell 1.2 % in July, in trend terms, and has fallen for 8 months. The value of residential building fell 1.8 % while non-residential building was flat.