FOLLOWING a revised decrease of 10.3 per cent in March, the total number of new dwellings approved in April increased by 4.4 per cent, in seasonally adjusted terms, according to the latest figures released last week by the Australian Bureau of Statistics (ABS).
A total of 17,414 dwellings were approved in April, compared to seasonally adjusted totals of 16,675 in March and 18,595 in February. When compared to the same month in 2016, the number of dwellings approved in April 2017 was down by 17.2 per cent, in seasonally adjusted terms.
In seasonally adjusted terms, dwelling approvals for the month of April increased in Queensland (up 28.2 per cent to 3,827 dwellings), South Australia (up 13.3 per cent to 1,041) and New South Wales (12.0 per cent to 5,692).
Dwelling approvals decreased in Western Australia (down 4.8 per cent to 1,511 dwellings), Tasmania (down 12.1 per cent to 175) and Victoria (12.3 per cent to 4,777).
In seasonally adjusted terms, 9,137 private sector houses were approved in April, compared to 9,093 in March (an increase of 4.4 per cent). A total of 8,039 private sector dwellings excluding houses were approved in April, which was a 9.6 per cent increase when compared to March's result of 7,332.
The seasonally adjusted estimate of the value of total building approved rose 7.2 per cent in April following a fall of 15.4 per cent in the previous month. The value of residential building rose 8.2 per cent following a fall of 22.3 per cent in the previous month. The value of non-residential building rose 5.5 per cent following a fall of 1.3 per cent in the previous month.