Australia

Dwelling approvals increase by 3.0 per cent in April

FOLLOWING a revised increase of 2.9 per cent in March, the total number of new dwellings approved in April increased by 3.0 per cent, in seasonally adjusted terms, according to the latest figures released last week by the Australian Bureau of Statistics (ABS).

A total of 20,243 dwellings were approved in April, compared to seasonally adjusted totals of 19,647 in March and 19,094 in February. When compared to the same month last year, the number of dwellings approved in April 2016 was up by 0.7 per cent, in seasonally adjusted terms.

New House
Above: New House / by Alexander Kesselaar.

In seasonally adjusted terms, dwelling approvals for the month of April increased in Tasmania (up 14.0 per cent to 201 dwellings), South Australia (up 13.8 per cent to 1,011), New South Wales (up 10.4 per cent to 6,313) and Queensland (up 6.8 per cent to 4,634).

Dwelling approvals decreased in Western Australia (down 0.6 per cent to 1,971 dwellings) and Victoria (down 2.7 per cent to 5,631) in seasonally adjusted terms.

In seasonally adjusted terms, 9,562 private sector houses were approved in April, compared to 9,787 in March (a decrease of 2.3 per cent). A total of 10,490 private sector dwellings excluding houses were approved in April, which was an 8.7 per cent increase when compared to March's result of 9,650.

The seasonally adjusted estimate of the value of total building approved rose 18.3 per cent in April following a fall of 4.3 per cent in the previous month. The value of residential building rose 8.4 per cent and has risen for three months. The value of non-residential building rose 47.3 per cent after falling for four months.

More information is available from the Australian Bureau of Statistics website at <http://www.abs.gov.au/>.

Photo: 'New House Lock Up HDR' / Alexander Kesselaar / Licensed under Creative Commons BY-NC-ND 2.0.

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