Dwelling approvals fall in October
20 December 2018
ABS:
The number of dwellings
approved
in Australia fell by 1.1 per cent in October 2018 in trend terms,
according to data released by the Australian Bureau of Statistics (ABS)
today.
"The trend for total
dwellings has been steadily declining over the past
twelve months," said Justin Lokhorst, Director of Construction
Statistics at the ABS. "The decrease in October was mainly driven by
private sector dwellings excluding houses, which fell 1.8 per cent.
Private sector houses also declined, by 0.5 per cent."
Among the states and territories, dwelling approvals fell in October in
the
Northern Territory (12.5 per cent),
South Australia (5.0 per cent),
Western Australia (4.4 per cent),
Queensland (2.9 per cent) and
New South Wales (2.3 per cent) in trend terms.
Victoria (2.4 per cent) and the
Australian Capital Territory (0.8 per cent) were the only states to
record an increase in dwelling approvals in trend terms, while
Tasmania was flat.
Approvals for private sector houses fell 0.5 per cent in October in
trend terms. Private sector house approvals fell in Western Australia
(3.7 per cent), South Australia (2.6 per cent) and Queensland (1.3 per
cent). Victoria (0.6 per cent) and New South Wales (0.2 per cent)
recorded increases.
In seasonally adjusted terms, total dwellings fell by 1.5 per cent in
October, driven by a 4.8 per cent decrease in private dwellings
excluding houses. Private houses rose 2.7 per cent in seasonally
adjusted terms.
The value of total building approved fell 1.5 per cent in October, in
trend terms, and has fallen for twelve months. The value of residential
building fell 1.4 per cent while non-residential building fell 1.8 per
cent.
Further information is available in Building Approvals, Australia (cat
no. 8731.0) on the ABS website at
http://www.abs.gov.au.
--ENDS--
Source: Australian Government - www.abs.gov.au
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