Australian Bureau Of Statistics
Dwelling Approvals Fall In August
Victor P Taffa
Number of dwellings approved fell 3.9 % in August 2019, in trend terms, and has fallen for 21 months, according to data released by the Australian Bureau of Statistics (ABS) today.
“Fall continues to be driven by private dwellings excluding houses, which decreased by 9.2 % in August.” ABS Director of Construction Statistics Daniel Rossi said.
“Private sector houses also fell, by 1.0 %.”
States And Territories
Dwelling Approvals in trend terms decreased in:
- Australian Capital Territory (27.7 %),
- Northern Territory (8.7 %),
- New South Wales (5.4 %),
- Victoria (4.0 %),
- Queensland (2.3 %),
- South Australia (0.9 %),
- Tasmania (0.4 %),
- Western Australia (0.2 %).
Approvals in trend terms for private sector houses fell in:
- Western Australia (4.3 %),
- Queensland (1.7 %),
- South Australia (1.6 %),
- Victoria (1.0 %).
Approvals in trend terms for private sector houses rose in:
- New South Wales (0.9 %).
Seasonally adjusted estimate for total dwellings approved fell 1.1 % in August, driven by a 2.4 % decrease in private houses. Private dwellings excluding houses rose 3.1 % in seasonally adjusted terms.
Value of total building approved rose 1.1 % in August, in trend terms, and has risen for 8 months. The value of residential building fell 2.9 %, while non-residential building rose 5.7 % in trend terms.
“Value of non-residential building approved has risen for 12 months, to a record high of $4.8 Billion. The rise in August was driven by approvals for health buildings in New South Wales.” Mr. Rossi said.