FOLLOWING an increase of 3.5 per cent in March, the total number of new dwellings approved in April decreased by 5.0 per cent, in seasonally adjusted terms, according to the latest figures released last week by the Australian Bureau of Statistics (ABS).
A total of 18,701 dwellings were approved in April, compared to seasonally adjusted totals of 19,630 in March and 17,827 in February. When compared to the same month in 2017, the number of dwellings approved in April 2018 was up by 1.9 per cent.
In seasonally adjusted terms, dwelling approvals for the month of April increased in Western Australia (up 21.0 per cent to 1,461 dwellings), Tasmania (6.0 per cent to 212), New South Wales (5.1 per cent to 5,763), South Australia (4.2 per cent to 1,046) and Queensland (1.2 per cent to 3,773)
Dwelling approvals decreased in Victoria (down 8.4 per cent to 6,142 dwellings), in seasonally adjusted terms.
In seasonally adjusted terms, 10,446 private sector houses were approved in April, which was a 0.1 per cent increase compared to March's result of 10,435. A total of 8,083 private sector dwellings excluding houses were approved in April, which was a 11.5 per cent decrease when compared to March's result of 9,130.
The seasonally adjusted estimate of the value of total building approved fell 4.2 per cent in April. The value of residential building fell 4.3 per cent, while the value of non-residential building fell 4.0 per cent.