Total dwellings approved fell 14.9% in December to 15,542, according to seasonally adjusted data from the Australian Bureau of Statistics. The decline was driven by a 29.8% drop in private dwellings excluding houses, following a 29.6% rise in November. Private sector house approvals increased 0.4% to 9,487 dwellings, with South Australia seeing the largest rise (13.1%) and New South Wales recording the biggest fall (5.5%). Apartment approvals fell 37.6% to 3,470 dwellings, with Victoria reporting only 339 approvals compared to 1,496 in November. Total building value declined 12.3% to $16.32 billion, with residential building value down 16.0% and non-residential building value falling 6.4%.
© Commonwealth of Australia (Australian Bureau of Statistics).
The text is licensed under Creative Commons Attribution 4.0 International
(https://creativecommons.org/licenses/by/4.0/).
This article is a summary of content originally published by the Australian Bureau of Statistics.
https://www.abs.gov.au/media-centre/media-releases/total-dwelling-approvals-fall-december
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.