The number of dwellings approved rose 0.2% in July 2016, in trend terms, and has now risen for eight months, according to data released by the Australian Bureau of Statistics (ABS) this week. Source: Timberbiz
Dwelling approvals increased in July in New South Wales (2.4%) and Victoria (0.5%) but decreased in Tasmania (3.7%), Northern Territory (3.2%), Australian Capital Territory (2.6%), Queensland (1.8%), South Australia (1.8%) and Western Australia (1.8%) in trend terms.
In trend terms, approvals for private sector houses fell 0.5% in July. Private sector house approvals fell in South Australia (1.6%), Western Australia (1.5%) and Victoria (1.1%). Private sector house approvals rose in Queensland (0.8%) and were flat in New South Wales.
In seasonally adjusted terms, total dwelling approvals increased 11.3%, driven by a rise in total other residential dwelling approvals (23.4%). Total house approvals fell 0.6%.
The value of total building approved rose 1.9% in July, in trend terms, and has risen for seven months. The value of residential building rose 0.9%, while non-residential building rose 3.9%.
