As per ABS, the number of dwellings approved increased 1% in April in trend terms propelled by both private sector dwellings excluding houses which rose 1% and private sector houses which increased 0.8%. During April-
- Total dwellings approved fell 1.8% in seasonally adjusted terms driven by 8.9% fall in approvals for private dwellings excluding houses and a rise of 2.7% in private sector houses.
- The value of total building approved fell 0.6% in trend terms
- The value of residential building rose 1.3% whereas non-residential building fell 3.1%
Dwelling approvals rose in the Australian Capital and Northern territory, Tasmania, Western Australia and New South Wales in trend terms. However, falls were recorded in Victoria and South Australia with Queensland being flat.