Dwelling approvals fall in May
16 July 2019
The
number of
dwellings approved in Australia fell by 0.5 per cent in May,
in trend terms, according to data released by the
Australian Bureau of
Statistics (ABS) today.
"The overall decrease was driven by a decline in private sector houses,
which fell 1.3 per cent in trend terms," said Daniel Rossi, Director of
Construction Statistics at the ABS. "This was partially offset by an
increase in private dwellings excluding houses, which increased 0.6 per
cent."
Among the states and territories, total dwelling approvals fell in the
Northern Territory (6.1 per cent),
Tasmania (3.9 per cent),
Victoria (1.5 per cent),
Western Australia (0.7 per cent) and
New South Wales (0.7 per cent), in trend terms. Increases were
recorded in the
Australian Capital Territory (7.2 per cent),
South Australia (0.4 per cent) and
Queensland (0.4 per cent).
Approvals for private sector houses fell 1.3 per cent in trend terms,
driven by a continued slowdown in the eastern states. Declines were
recorded in New South Wales (2.9 per cent), Victoria (1.3 per cent),
Western Australia (0.7 per cent) and Queensland (0.1 per cent), while
South Australia was flat.
In seasonally adjusted terms, total dwellings increased 0.7 per cent in
May, with a rise in Victoria (14.4 per cent) driving the national
increase. Meanwhile falls were recorded in Queensland (6.3 per cent),
Western Australia (4.7 per cent), South Australia (2.9 per cent) and
Tasmania (1.2 per cent), while New South Wales was flat. Private
dwellings excluding houses rose 1.2 per cent, while private house
approvals decreased 0.3 per cent.
The value of total building approved fell 0.2 per cent, in trend terms.
The value of residential building declined 0.6 per cent, while
non-residential building rose 0.3 per cent.
Further information is available in Building Approvals,
Australia (cat no. 8731.0),
https://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0
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Source: Australian Government - www.abs.gov.au
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