Australian Bureau of Statistics (ABS) building approvals show that the number of dwellings approved fell 1.2 per cent in June 2015, in trend terms, and has fallen for four months. The fall in unit approvals was the reason, confirming a continued slow down.
There were some significant state variations.
Dwelling approvals decreased in June in South Australia (4.1 per cent), New South Wales (2.9 per cent), Victoria (1.8 per cent) and Western Australia (0.4 per cent) but increased in the Australian Capital Territory (14.6 per cent), Northern Territory (8.7 per cent), Queensland (0.2 per cent) and Tasmania (0.1 per cent) in trend terms.
In trend terms, approvals for private sector houses were flat in June. Private sector house approvals rose in New South Wales (2.0 per cent), Queensland (0.3 per cent) and South Australia (0.2 per cent) but fell in Victoria (1.3 per cent) and Western Australia (1.0 per cent).
The value of total building approved fell 0.9 per cent in June, in trend terms, and has fallen for four months. The value of residential building fell 1.0 per cent while non-residential building fell 0.6 per cent in trend terms.
