Private sector house approvals fall – September 2015

The post Private sector house approvals fall – September 2015 appeared first on Oak Laurel.

Building Approvals, Australia, Sep 2015

The latest data from the Australian Bureau of Statistics show that whilst housing approvals are roughly on par with September 2014, dwelling excluding houses are well above September 2014 levels.  The number of dwellings approved in September 2015 fell 1.8% from August 2015, in trend terms. Furthermore, dwelling approvals have fallen for the last six months.

Dwelling approvals in September decreased in trend terms from August in all States and Territories except South Australia. The breakdown is as follows:

  • Northern Territory a 3.3% decrease;
  • Western Australia a 3.2% decrease;
  • New South Wales a 2.6% decrease;
  • Victoria a 1.8% decrease;
  • Tasmania a 1.2% decrease;
  • Australian Capital Territory a 0.7% decrease;
  • Queensland a 0.3% decrease;
  • South Australia a 0.4% increase in trend terms.

Approvals for private sector houses fell 0.2% in trend terms in September from August. A breakdown is as follows:

  • Western Australia a 3.1% decrease;
  • New South Wales a 1.2% decrease;
  • Queensland a 2.2% increase;
  • Victoria a 1.1% increase;
  • South Australia flat, in trend terms.

The value of total building approved fell 0.6% in September, in trend terms, and has fallen for two months. The value of residential building fell 1.1 per cent while non-residential building rose 0.6% in trend terms.

TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved fell 1.8% in September and has fallen for six months.
  • The seasonally adjusted estimate for total dwellings approved rose 2.2% in September following a fall of 9.5% in the previous month.

PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved fell 0.2% in September and has fallen for five months.
  • The seasonally adjusted estimate for private sector houses fell 1.9% in September following a rise of 4.1% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

  • The trend estimate for private sector dwellings excluding houses fell 3.4% in September and has fallen for six months.
  • The seasonally adjusted estimate for private sector dwellings excluding houses rose 6.1% in September following a fall of 15.6% in the previous month.

VALUE OF BUILDING APPROVED

  • The trend estimate of the value of total building approved fell 0.6% in September and has fallen for two months. The value of residential building fell 1.1% and has fallen for six months. The value of non-residential building rose 0.6% and has risen for six months.
  • The seasonally adjusted estimate of the value of total building approved fell 2.1% in September and has fallen for two months. The value of residential building fell 4.3% and has fallen for two months. The value of non-residential building rose 2.9% following a fall of 9.5% in the previous month.

SEPTEMBER KEY BUILDING APPROVAL FIGURES

Sep 15
Aug 15 to Sep 15
Sep 14 to Sep 15
no.
% change
% change

TREND
Total dwelling units approved
18 309
-1.8
6.8
Private sector houses
9 520
-0.2
0.7
Private sector dwellings excluding houses
8 566
-3.4
14.9
SEASONALLY ADJUSTED
Total dwelling units approved
18 900
2.2
21.4
Private sector houses
9 536
-1.9
1.5
Private sector dwellings excluding houses
9 134
6.1
53.5

 

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