Building approvals fall in September

3 November 2022

The total number of dwellings approved fell 5.8 per cent in September, in seasonally adjusted terms, following a 23.1 per cent increase in August, according to data released today by the Australian Bureau of Statistics (ABS).

Daniel Rossi, Director of Construction Statistics at the ABS, said: “The fall in approvals was driven by private sector houses, which declined 7.8 per cent. Approvals for private sector dwellings excluding houses fell 1.8 per cent.”

Across Australia, total dwelling approvals fell in South Australia (-19.7 per cent), Tasmania (-10.8 per cent), Western Australia (-9.3 per cent), New South Wales (-8.8 per cent), and Queensland (-6.2 per cent). Victoria was the only state to record an increase, rising 3.4 per cent.

Approvals for private sector houses fell in all states: Western Australia (-11.4 per cent), Queensland (-8.6 per cent), New South Wales (-7.9 per cent), Victoria (-4.7 per cent), and South Australia (-4.3 per cent).

The value of total building approvals fell 6.9 per cent in September, following a 19.5 per cent rise in August. The value of total residential building approvals fell 12.7 per cent, comprising of a 14.0 per cent decline in new residential building and a 2.9 per cent decrease in alterations and additions.

The value of non-residential building approvals rose 3.7 per cent, after rising 11.5 per cent in August.