Dwellings Approvals Up 0.2% For March 2018

Dwellings Approvals Up 0.2% For March 2018

Australian Bureau Of Statistics

Dwelling Approvals Rise In March

Victor P Taffa

Number of dwellings approved in Australia rose in March 2018 in trend terms, with a 0.2 % rise, according to data released by the Australian Bureau of Statistics (ABS) today.

“Strength in the total dwellings series is being driven by approvals for private sector houses, which have now risen for 13 consecutive months.” ABS Director of Construction Statistics Justin Lokhorst said.

“Private sector house approvals are now at their highest level since 2003, in trend terms.”

Among the states and territories, the biggest trend increase in dwelling approvals in March was:

  • Australian Capital Territory (28.0 %),
  • Northern Territory (5.3 %),
  • Queensland (2.3 %).

There were falls in trend terms in:

  • Western Australia (6.7 %),
  • Tasmania (4.8 %),
  • Victoria (0.5 %),
  • New South Wales (0.2 %),
  • South Australia (0.1 %).

In trend terms, approvals for private sector houses rose 0.8 % in March.

Private sector house approvals rose in:

  • Victoria (1.8 %),
  • Queensland (1.5 %),

Private sector house approvals fell in:

  • Western Australia (2.1 %),
  • New South Wales (0.2 %).

Private house approvals were flat in South Australia.

In seasonally adjusted terms, total dwellings rose by 2.6 % in March, driven by a 6.1 % increase in private sector dwellings excluding houses. Private sector houses rose 1.1 % in seasonally adjusted terms.

Value of total building approved fell 0.6 % in March, in trend terms, and has fallen for 6 months. The value of residential building rose 0.4 % while non-residential building fell 2.5 %.