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8731.0 - Building Approvals, Australia, January 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2012   
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JANUARY KEY FIGURES

Jan 12
Dec 11 to Jan 12
Jan 11 to Jan 12
no.
% change
% change

TREND
Total dwelling units approved
11 380
-0.5
-17.3
Private sector houses
7 453
0.1
-8.9
Private sector dwellings excluding houses
3 791
-1.0
-26.7
SEASONALLY ADJUSTED
Total dwelling units approved
11 729
0.9
-14.6
Private sector houses
7 508
-0.1
-7.4
Private sector dwellings excluding houses
4 024
1.5
-23.3


Dwelling units approved

Private sector houses approved




JANUARY KEY POINTS


TOTAL DWELLING UNITS
  • The trend estimate for total dwellings approved fell 0.5% in January 2012 and has fallen for 14 months.
  • The seasonally adjusted estimate for total dwellings approved rose 0.9% in January following a fall of 0.8% in the previous month.


PRIVATE SECTOR HOUSES
  • The trend estimate for private sector houses approved rose 0.1% in January after falling for 24 months.
  • The seasonally adjusted estimate for private sector houses fell 0.1% in January 2012 following a rise of 0.1% in the previous month.


PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
  • The trend estimate for private sector dwellings excluding houses fell 1.0% in January and has now fallen for 13 months.
  • The seasonally adjusted estimate for private sector dwellings excluding houses rose 1.5% following a fall of 1.2% last month.


VALUE OF BUILDING APPROVED
  • The trend estimate of the value of total building approved fell 2.0% in January and has fallen for 13 months. The value of residential building fell 1.7% and has fallen for the last 15 months. The value of non-residential building fell 2.6% and has now fallen for the last 12 months.
  • The seasonally adjusted estimate of the value of total building approved rose 52.7% in January following a rise of 2.0% last month. The value of residential building rose 1.1% and the value of non-residential building rose 131.8% in January.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2012 (Additional Information)9 March 2012
February 20122 April 2012
February 2012 (Additional Information)11 April 2012
March 20127 May 2012
March 2012 (Additional Information)11 May 2012
April 2012 31 May 2012
April 2012 (Additional Information)7 June 2012
May 20123 July 2012
May 2012 (Additional Information)10 July 2012



CHANGES IN THIS ISSUE

There are no changes in this issue.


DATA NOTES

The trend estimates should be interpreted with caution as the underlying behaviour of building approvals may be affected by initiatives within the Government stimulus package, which included the "Building the Education Revolution" (BER) program and the Social Housing Initiative as well as other developments associated with global economic conditions. From June 2009 to February 2010 BER impacts were quantified and removed from the trend estimates because of their short term nature. From April 2010 these impacts are no longer removed from the trend estimates as their effect has significantly declined. For more details on trend estimates, please see paragraphs 19 to 21 of the explanatory notes.


REVISIONS THIS MONTH

Revisions to the total number of dwelling units approved in this issue are:

2010-11
2011-12
TOTAL

NSW
-
36
36
Vic.
8
50
58
Qld
-
-526
-526
SA
37
30
67
WA
-
-5
-5
Tas.
-
-
-
NT
-
-
-
ACT
-
-
-
Total
45
-415
-370




INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.


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