FOLLOWING a revised decrease of 5.2 per cent in May, the total number of new dwellings approved in June decreased by 2.9 per cent, in seasonally adjusted terms, according to the latest figures released this week by the Australian Bureau of Statistics (ABS).
A total of 18,693 dwellings were approved in June, compared to seasonally adjusted totals of 19,250 in May and 20,340 in April. When compared to the same month last year, the number of dwellings approved in June 2016 was down by 5.9 per cent, in seasonally adjusted terms.
In seasonally adjusted terms, dwelling approvals for the month of June increased in South Australia (up 2.4 per cent to 1,100 dwellings), Victoria (up 4.1 per cent to 6,124) and Western Australia (up 2.4 per cent to 1,620).
Dwelling approvals decreased in Queensland (down 2.1 per cent to 3,719 dwellings), New South Wales (down 4.0 per cent to 5,658) and Tasmania (down 23.6 per cent to 150).
In seasonally adjusted terms, 9,367 private sector houses were approved in June, compared to 9,591 in May (a decrease of 2.3 per cent). A total of 9,116 private sector dwellings excluding houses were approved in June, which was a 2.4 per cent decrease when compared to May's result of 9,341.
The seasonally adjusted estimate of the value of total building approved rose 5.3 per cent in June following a fall of 10.7 per cent in the previous month. The value of residential building fell 1.5 per cent and has fallen for two months. The value of non-residential building rose 20.8 per cent following a fall of 18.3 per cent in the previous month.