ABS Update: Fall in dwelling approvals

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The ABS has recorded a fall in the number of dwelling approved in Australia by 0.6% in March 2019.

In trend terms, private sector houses led the overall decrease with a decline of 1.4%. However, private dwellings excluding houses rose by 0.8%. Among the states and territories, total dwelling approvals fell in Victoria by 3.5% and Queensland by 1.4%. There were recorded increases in the Australian Capital Territory by 4.8%, the Northern Territory by 3.9%, Western Australia by 3.8%, New South Wales by 0.8% and South Australia by 0.4%. Tasmania remained the same.

Total dwellings declined by 15.5% in March. The largest falls were recorded in New South Wales by 27.4%, and in Victoria by 27%. The decline was led by private dwellings excluding houses which fell by 30.6%, while private house approvals fell by 3.2%. These figures have been seasonally adjusted.

In trend terms, the value of total building approved for March was flat. The value of residential building increased by 0.4%, while non-residential building fell 0.6%.

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