Australia

Dwelling approvals up by 1.5 per cent in September

FOLLOWING a downwardly revised increase of 0.1 per cent in August, the total number of new dwellings approved in September increased by 1.5 per cent, in seasonally adjusted terms, according to the latest figures released last week by the Australian Bureau of Statistics (ABS).

A total of 18,849 dwellings were approved in September, compared to seasonally adjusted totals of 18,568 in August and 18,558 in July. When compared to the same month in 2016, the number of dwellings approved in September 2017 was up by 0.2 per cent, in seasonally adjusted terms.

'New Units'
Above: 'New Units' / by Bill Lane.

In seasonally adjusted terms, dwelling approvals for the month of September increased in Western Australia (up 27.1 per cent to 1,896 dwellings), Tasmania (16.6 per cent to 269), New South Wales (10.7 per cent to 6,415) and South Australia (6.7 per cent to 1,139).

Dwelling approvals decreased in Victoria (down 1.9 per cent to 5,261 dwellings) and Queensland (down 17.0 per cent to 3,190).

In seasonally adjusted terms, 9,867 private sector houses were approved in September, which was a 0.6 per cent increase compared to August's result of 9,811. A total of 8,754 private sector dwellings excluding houses were approved in September, which was a 2.6 per cent increase when compared to August's result of 8,533.

The seasonally adjusted estimate of the value of total building approved rose 8.3 per cent in September after falling for two months. The value of residential building rose 0.1 per cent and has risen for two months. The value of non-residential building rose 22.4 per cent following a fall of 10.9 per cent in the previous month.

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

Photo: 'New Units' / Bill Lane / Licensed under Creative Commons BY-NC-ND 2.0.

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