National dwelling approvals fall further with NSW hit hardest

Staff reporterJuly 29, 20200 min read

Dwelling approvals showed a further weakening in June, reaching an 8 year low.

Total dwelling approvals fell 4.9% to be down nearly 20% over the last two months.

The detail showed weakness in the month was more broadly based than May’s unit driven fall.

Private sector unit approvals declined 5.3% mth to be down 23.4% qtr for Q2 as a whole.

Private sector detached house approvals posted a similar sized 5.7% decline in the June month but were more resilient for the quarter as a whole, down just 2.6% qtr.

On a monthly basis, all segments are down materially on a year ago.

All states recorded declines, although they were more pronounced in NSW (–14.8%), WA (–11.7%) and Qld (–10.9%), and more muted in SA (–4.6%) and Vic (–0.2%).

All states have seen double digit declines over May-June.

Staff reporter

Tags:
NSW
Dwelling Approvals
This website uses cookies to ensure you get the best experience on our website. Find out more in our privacy policy.
Accept Cookies