Falls in private house approvals recorded in April

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The ABS has reported that the number of dwellings approved in Australia fell by 0.6% in April.

This decrease was led by private sector houses, declining 1.9%. On the other hand, private dwellings (excluding houses) rose by 1.2%.

Within the states and territories, total dwelling approvals fell in Victoria by 2.8%, Tasmania by 2.2%, the Northern Territory by 2%, and New South Wales by 0.4%. There were increases recorded in the Australian Capital Territory by 7.7%, South Australia by 1.8%, and Western Australia by 1.3%. Queensland remained flat.

For total building approved, the value fell by 0.2% in April. The value of residential building fell by 0.9%, while non-residential building increased by 1%.

These figures are recorded in trend terms.

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