April Building Approvals Rise in Parts, Fall in Parts, Generally Steady Overall

A copy of the ABS summary, and a link to the free information is available directly below this paragraph. Generally realestatesource.com.au advises the use of ABS statistics over the numbers output by agency-based, or other private research houses.

ABS Building Approvals show that the total number of dwellings approved fell 1.3% in April 2011, in seasonally adjusted terms, after rising 8.6% in March.

Dwelling approvals decreased for the month of April in New South Wales (-12.9%), Western Australia (-9.6%) and Tasmania (-8.7%) while Queensland (+29.2%), South Australia (+9.9%) and Victoria (+0.3%) recorded increases in seasonally adjusted terms.

In seasonally adjusted terms, approvals for private sector houses fell 3.3% in April with falls in Victoria (-6.2%), New South Wales (-3.8%) and Queensland (-0.7%) while there were rises in Western Australia (+5.1%) and South Australia (+0.9%).

The value of total building approved fell 18.8% in April in seasonally adjusted terms. The value of total residential building fell by 1.3% while non-residential building fell by 38.6% after a 47.4% rise in March.

Widespread flooding, and other natural disasters, in the eastern states during late 2010 and early 2011 have not adversely affected participation by providers in the Building Approvals collection or the quality of estimates in this release. However, these events may have had an impact on the number of approved dwellings and the value of approved work.

Further information is available in Building Approvals, Australia (cat no. 8731.0).

http://www.abs.gov.au/ausstats/abs@.nsf/MediaRealesesByCatalogue/8F919D91E9992461CA2568A9001362B8?OpenDocument

 

 

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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