Building Approvals Down In November 2015

Australian Bureau of Statistics (ABS) Building Approvals show that the number of dwellings approved fell 1.9 per cent in November 2015, in trend terms, and has fallen for eight consecutive months.

Units-Approved-Nov-2015Dwelling approvals decreased in November in Australian Capital Territory (-9.3 per cent), Western Australia (-4.5 per cent), New South Wales (-2.8 per cent), Tasmania (-2.6 per cent), Victoria (-2.4 per cent) and Northern Territory (-0.6 per cent) but increased in South Australia (3.2 per cent) and Queensland (0.9 per cent) in trend terms.

In trend terms, approvals for private sector houses was flat in November. Private sector house approvals fell in Western Australia (-2.2 per cent) and New South Wales (-0.5 per cent) but rose in South Australia (1.9 per cent), Victoria (1.3 per cent) and Queensland (0.1 per cent).

The value of total building approved fell 0.8 per cent in November, in trend terms, and has fallen for four consecutive months. The value of residential building fell 1.2 per cent while non-residential building was flat.

Value-Building-Work-Nov-2015

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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