Dwelling approvals fall 1.7 per cent in December
07 February 2018
Federal Government:
The number of dwellings approved fell 1.7 per
cent in December 2017, in trend terms, and has fallen for three months,
according to data released by the Australian Bureau of Statistics (ABS)
today.
"Dwelling
approvals have weakened in December, driven by a large decline
in private dwellings excluding houses," said Daniel Rossi, Director of
Construction Statistics at the ABS. "Approvals for private sector houses
have remained stable, with just under 10,000 houses approved in December
2017."
Dwelling approvals decreased in December in the
Australian Capital
Territory (35.0 per cent), the
Northern Territory (12.9 per cent),
New
South Wales (5.6 per cent),
South Australia (2.4 per cent),
Western
Australia (1.3 per cent) and
Queensland (0.8 per cent), but increased in
Tasmania (3.1 per cent) and
Victoria (2.5 per cent) in trend terms.
In trend terms, approvals for private sector houses fell 0.2 per cent in
December. Private sector house approvals fell in South Australia (1.5
per cent), Western Australia (0.9 per cent) and New South Wales (0.2 per
cent) but rose in Queensland (0.4 per cent). Private house approvals
were flat in Victoria.
In seasonally adjusted terms, dwelling approvals decreased by 20.0 per
cent in December, driven by a fall in private dwellings excluding houses
(39.2 per cent), while private house approvals rose 1.0 per cent.
The value of total building approved fell 0.3 per cent in December, in
trend terms, after rising for 11 months. The value of
residential
building fell 0.2 per cent while
non-residential building fell 0.4 per
cent.
--ENDS--
Source: Australian Government - http://www.abs.gov.au
Contact: N/A
External Links: Further information is available in Building Approvals, Australia (cat no. 8731.0) on the ABS website at http://www.abs.gov.au.
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