Building Approvals Fall In September

Australian Bureau of Statistics (ABS) Building Approvals show the number of dwellings approved fell 1.8 per cent in September 2015, in trend terms, and has fallen for six months.

Dwelling approvals decreased in September in Northern Territory (3.3 per cent), Western Australia (3.2 per cent), New South Wales (2.6 per cent), Victoria (1.8 per cent), Tasmania (1.2 per cent), Australian Capital Territory (0.7 per cent) and Queensland (0.3 per cent) but increased in South Australia (0.4 per cent) in trend terms.

In trend terms, approvals for private sector houses fell 0.2 per cent in September. Private sector house approvals fell in Western Australia (3.1 per cent) and New South Wales (1.2 per cent) but rose in Queensland (2.2 per cent) and Victoria (1.1 per cent). Private house approvals were flat in South Australia, in trend terms.

The value of total building approved fell 0.6 per cent in September, in trend terms, and has fallen for two months. The value of residential building fell 1.1 per cent while non-residential building rose 0.6 per cent in trend terms.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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