ABS Update: Dwelling Approvals Remain Stable in March

  • May 04, 2020 03:16 PM AEST
  • Team Kalkine

As per ABS data, the number of dwelling approved rose 1.3%, in trend terms, during March. The surge in dwellings was driven by private sector dwellings excluding houses that rose 2.8% in trend terms with private sector houses rising 0.2%. The results reflected that there was no evident impact on building approvals from COVID-19. However, ABS is keeping an eye on potential impacts in the months ahead.

Gold MTF non-AMP

Dwelling approvals increased in New South Wales, Tasmania, Western Australia and Victoria in trend terms.

However, in seasonally adjusted terms, there was 4% fall in dwellings approved in March driven by 8.2% fall in private dwellings excluding houses.

The value of residential building rose 0.5% while non-residential building rose by 2.3%.


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