The total number of dwellings approved rose 8.2 per cent in seasonally adjusted terms in December, following a 2.6 per cent rise in November, according to data released today by the Australian Bureau of Statistics (ABS).
Daniel Rossi, ABS Director of Construction Statistics, said: “The rise in the total number of dwellings approved in December was driven by an increase in approvals for private sector dwellings excluding houses, which rose 27.5 per cent.
“Private sector house approvals remained subdued, falling 1.8 per cent in December, following a 1.6 per cent decline in November. The series has fallen 31.5% since the April 2021 peak. While approvals for private houses have fallen from all-time highs, the series remains at historically elevated levels, with the December result 20.5 per cent higher than the pre-pandemic level in December 2019.”
Across Australia, the number of dwelling approvals rose in New South Wales (32.1 per cent) driven by dwellings excluding houses and Victoria (2.5 per cent). Dwelling approvals fell in Queensland (-14.8 per cent), Western Australia (-7.7 per cent), Tasmania (-7.4 per cent), and South Australia (-0.3 per cent), in seasonally adjusted terms.
Approvals for private sector houses rose in Western Australia (0.8 per cent), but fell in all other mainland states: New South Wales (-7.9 per cent), South Australia (-7.1 per cent), Victoria (-1.5 per cent) and Queensland (-0.7 per cent), in seasonally adjusted terms.
The value of total building approved fell 2.1 per cent in December, in seasonally adjusted terms. The decrease was driven by a fall in the value of non-residential building approved (-16.3 per cent), following a 27.8 per cent rise in November.
The value of total residential building rose 7.8 per cent, comprised of an 8.3 per cent increase in the value of new residential building, and a 5.2 per cent rise in the value of alterations and additions.
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