The number of dwellings approved rose 0.9 per cent in November 2017, in trend terms, and has risen for 10 months, according to data released by the Australian Bureau of Statistics (ABS) today.
“Dwelling approvals have continued to rise in recent months, which has been driven by renewed strength in approvals for apartments,” said Justin Lokhorst, Director of Construction Statistics at the ABS. “Approvals for private sector houses have remained stable, with just under 10,000 houses approved in November 2017.”
Dwelling approvals increased in November in Victoria (5.6 per cent), Tasmania (3.1 per cent) and South Australia (0.1 per cent), but decreased in the Australian Capital Territory (21.9 per cent), Northern Territory (3.8 per cent), Queensland (1.2 per cent), New South Wales (0.9 per cent) and Western Australia (0.6 per cent) in trend terms.
In trend terms, approvals for private sector houses fell 0.1 per cent in November. Private sector house approvals fell in Western Australia (3.3 per cent), New South Wales (0.8 per cent) and Queensland (0.4 per cent), but rose in South Australia (1.3 per cent) and Victoria (1.1 per cent).
In seasonally adjusted terms, dwelling approvals increased by 11.7 per cent in November, driven by a rise in private dwellings excluding houses (30.6 per cent), while private house approvals fell 2.0 per cent.
The value of total building approved rose 1.5 per cent in November, in trend terms, and has risen for 11 months. The value of residential building rose 2.3 per cent while non-residential building rose 0.2 per cent.
