Dwelling approvals decline in December
14 February 2019
The
number of dwellings approved in Australia fell by 4.1 per cent in
December 2018, in trend terms, according to data released by the
Australian Bureau of Statistics (ABS) today.
"The trend for the total dwelling
approvals series has continued to
decline over the past year," said Daniel Rossi, Director of Construction
Statistics at the ABS. "The series is now at its lowest level since June
2013."
The decrease in December was driven by private sector dwellings
excluding houses (e.g. townhouses and apartments), which fell 8.5 per
cent. Private sector houses also declined, by 1.1 per cent.
Among the states and territories, dwelling approvals fell in December in
the
Australian Capital Territory (21.3 per cent),
Queensland (6.5 per cent),
New South Wales (5.0 per cent),
Western Australia (3.8 per cent),
South Australia (1.5 per cent) and
Victoria (1.4 per cent) in trend terms. The
Northern Territory (1.7 per cent) and
Tasmania (1.1 per cent) recorded increases.
Approvals for private sector houses fell 1.1 per cent in December in
trend terms. Queensland (3.6 per cent), New South Wales (1.6 per cent)
and Western Australia (0.6 per cent) declined, while increases were
recorded in South Australia (0.6 per cent) and Victoria (0.2 per cent).
In seasonally adjusted terms, total dwellings fell by 8.4 per cent in
December, driven by a 18.8 per cent decrease in private dwellings
excluding houses. Private houses also fell 2.2 per cent.
The value of total building approved fell 1.5 per cent in December, in
trend terms, and has fallen for the past 13 months. The value of
residential building fell 2.6 per cent, while non-residential building
rose 0.2 per cent.
Further information is available in Building Approvals, Australia (cat no. 8731.0, http://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0) on the ABS website at http://www.abs.gov.au.
--ENDS--
Source: Australian Government - www.minister.infrastructure.gov.au
Contact: N/A
External Links:
http://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0
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