Dwelling Approvals Down By 4.1 % In December 2018

Dwelling Approvals Down By 4.1 % In December 2018

Australian Bureau Of Statistics

Dwelling Approvals Decline In December

Victor P Taffa

Number of dwellings approved in Australia fell by 4.1 % in December 2018, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today.

“Trend for the total dwelling approvals series has continued to decline over the past year.” ABS Director of Construction Statistics Daniel Rossi said.

“Series is now at its lowest level since June 2013.”

Decrease in December was driven by private sector dwellings excluding houses (e.g. townhouses and apartments), which fell 8.5 %. Private sector houses also declined, by 1.1 %.

States And Territories

Dwelling approvals fell in:

  • Australian Capital Territory (21.3 %),
  • Queensland (6.5 %),
  • New South Wales (5.0 %),
  • Western Australia (3.8 %),
  • South Australia (1.5 %),
  • Victoria (1.4 %).

Dwelling approvals rose in:

  • Northern Territory (1.7 %),
  • Tasmania (1.1 %).

Approvals for private sector houses fell 1.1 % in December in trend terms.

Declines were recorded in:

  • Queensland (3.6 %),
  • New South Wales (1.6 %),
  • Western Australia (0.6 %).

Increases were recorded in:

  • South Australia (0.6 %),
  • Victoria (0.2 %).

In seasonally adjusted terms, total dwellings fell by 8.4 % in December, driven by a 18.8 % decrease in private dwellings excluding houses. Private houses also fell 2.2 %.

Value of total building approved fell 1.5 % in December, in trend terms, and has fallen for the past 13 months. The value of residential building fell 2.6 %, while non-residential building rose 0.2 %.