Dwelling approvals fall again in August

Dwelling approvals fall again in August
Dwelling approvals fall again in August

Dwelling approvals fell 3.9 per cent in August, according to figures released by the ABS.

It's the 21st consecutive month approvals have fallen.

"The fall continues to be driven by private dwellings excluding houses, which decreased by 9.2 per cent in August," said Daniel Rossi, director of construction statistics at the ABS.

"Private sector houses also fell, by one per cent."

Every state saw dwelling approvals decline over the month.

To enlarge, click here.

Dwelling approvals fall again in August

The Australian Capital Territory saw the biggest decrease in dwelling approvals across August, down -27.7 per cent.

The Northern Territory (-8.7 per cent), New South Wales (-5.4 per cent), Victoria (-4.0 per cent), Queensland (-2.3 per cent), South Australia (-0.9 per cent), Tasmania (-0.4 per cent) and Western Australia (-0.2 per cent) all saw declines.

"The value of non-residential building approved has risen for 12 months, to a record high of $4.8 billion," Rossi said.

"The rise in August was driven by approvals for health buildings in New South Wales."

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Housing Approvals Dwelling Approvals

Comments

Be the first one to comment on this article
What would you like to say about this project?