The number of dwellings approved fell 6.7 per cent in June (seasonally adjusted), for a third consecutive month, following a 7.6 per cent fall in May and a 5.0 per cent fall in April, according to data released today by the Australian Bureau of Statistics (ABS).
Daniel Rossi, ABS Director of Construction Statistics, said: “The fall in the total number of dwellings approved in June was driven by a 11.8 per cent fall in private sector houses. Approvals in private sector dwellings excluding houses rose 0.8 per cent.
“Since the unwinding of stimulus measures, approvals for private houses have fallen 20.9 per cent from the record high in April. Despite the fall, private house approvals remain at elevated levels and are 44.3 per cent higher than June 2020 and 37.6 per cent higher than June 2019,” he said.
Across Australia, the number of dwelling approvals fell in Western Australia (-30.5 per cent), Queensland (-18.4 per cent), Tasmania (-14.9 per cent) and New South Wales (-12.7 per cent). Dwelling approvals rose in Victoria (12.8 per cent) and South Australia (8.6 per cent), in seasonally adjusted terms.
Approvals for private sector houses fell in Queensland (-25.2 per cent), Western Australia (-21.1 per cent), New South Wales (-14.5 per cent) and Victoria (-2.3 per cent). Private house approvals in South Australia rose 14.8 per cent, in seasonally adjusted terms.
The value of total building fell 2.6 per cent, in seasonally adjusted terms. The value of non-residential building fell 3.0 per cent, following a 27.3 per cent rise in May.
The value of total residential building fell 2.3 per cent, comprising a 2.9 per cent fall in new residential building and a 2.0 per cent rise in residential alterations and additions.
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