Australian dwelling approvals rose 29.7% in February, reaching 19,022 units, according to seasonally adjusted data from the Australian Bureau of Statistics. The increase was largely due to a 101.2% rise in private dwellings excluding houses, which includes apartments, townhouses, semi-detached and row houses. Private sector house approvals increased marginally by 0.2% to 9,847 units, up 6.1% from a year earlier. In February, apartment approvals climbed 191.2% to 5,398 units, and townhouse approvals rose 73.8% to 2,981 units after a decline in January. Total building value approved rose 14.4% to $20.43 billion, with residential buildings contributing a record 30.8% rise. This data also shows a 9.0% year‑over‑year increase in total dwellings approved over the past 12 months.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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