Dwellings Approvals Down 0.5 % In May 2019

Dwellings Approvals Down 0.5 % In May 2019

Australian Bureau Of Statistics

Dwelling Approvals Fall In May

Victor P Taffa

Number of dwellings approved in Australia fell by 0.5 % in May, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today.

“Overall decrease was driven by a decline in private sector houses, which fell 1.3 % in trend terms.” ABS Director of Construction Statistics Daniel Rossi said.

“This was partially offset by an increase in private dwellings excluding houses, which increased 0.6 %.”

States And Territories:

Total dwelling approvals fell in trend terms in:

  • Northern Territory (6.1 %),
  • Tasmania (3.9 %),
  • Victoria (1.5 %),
  • Western Australia (0.7 %),
  • New South Wales (0.7 %).

Total dwelling approvals increased in trend terms in:

  • Australian Capital Territory (7.2 %),
  • South Australia (0.4 %),
  • Queensland (0.4 %).

Approvals for private sector houses fell 1.3 % in trend terms, driven by a continued slowdown in the eastern states.

Approvals for private sector houses fell in:

  • New South Wales (2.9 %),
  • Victoria (1.3 %),
  • Western Australia (0.7 %),
  • Queensland (0.1 %).

Approvals for private sector houses in South Australia were flat.

In seasonally adjusted terms, total dwellings increased 0.7 % in May, with a rise in Victoria (14.4 %) driving the national increase.

Total dwellings fell in:

  • Queensland (6.3 %),
  • Western Australia (4.7 %),
  • South Australia (2.9 %),
  • Tasmania (1.2 %).

Total dwellings in New South Wales were flat.

Private dwellings excluding houses rose 1.2 %, while private house approvals decreased 0.3 %.

Value of total building approved fell 0.2 %, in trend terms. The value of residential building declined 0.6 %, while non-residential building rose 0.3 %.