The latest ASB data shows that the number of dwellings approved rose 1.8 per cent in September 2017, in trend terms, and has risen for eight months.
Dwelling approvals increased in September in the Australian Capital Territory (7.9 per cent), Northern Territory (6.5 per cent), Tasmania (4.5 per cent), New South Wales (3.4 per cent), Western Australia (2.0 per cent), South Australia (1.5 per cent) and Victoria (0.7 per cent), but decreased in Queensland (0.5 per cent) in trend terms.
In trend terms, approvals for private sector houses rose 0.7 per cent in September. Private sector house approvals rose in Queensland (1.8 per cent), South Australia (1.2 per cent), Victoria (0.6 per cent) and New South Wales (0.5 per cent), but fell in Western Australia (0.9 per cent).
In seasonally adjusted terms, dwelling approvals increased by 1.5 per cent in September, driven by a rise in private dwellings excluding houses (2.6 per cent), while private house approvals rose 0.6 per cent.
The value of total building approved rose 1.3 per cent in September, in trend terms, and has risen for nine months. The value of residential building rose 1.5 per cent while non-residential building rose 1.0 per cent.
“The value of non-residential building approvals have risen for the past eight months, in trend terms, reaching a record high in September 2017.” Bill Becker, the Assistant Director of Construction Statistics at the ABS, said.
“The strength in non-residential building has been driven by approvals in Victoria, where a number of office and education buildings have been approved in recent months.”
