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8731.0 - Building Approvals, Australia, Oct 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2010   
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OCTOBER KEY FIGURES

Oct 10
Sep 10 to Oct 10
Oct 09 to Oct 10
no.
% change
% change

TREND
Total dwelling units approved
12 692
-0.9
-8.7
Private sector houses
8 196
-0.5
-14.2
Private sector other dwellings
3 991
-1.0
21.5
SEASONALLY ADJUSTED
Total dwelling units approved
13 541
9.3
1.2
Private sector houses
8 284
1.5
-15.7
Private sector other dwellings
4 576
23.6
67.3


Dwelling units approved
Graph: Number of dwelling units approved

Private sector houses approved
Graph: Private sector houses approved




OCTOBER KEY POINTS


TOTAL DWELLING UNITS
  • The trend estimate for total dwellings approved fell 0.9% in October 2010 and is showing falls for eight months.
  • The seasonally adjusted estimate for total dwellings approved rose 9.3% following falls in the previous six months.


PRIVATE SECTOR HOUSES
  • The trend estimate for private sector houses approved fell 0.5% in October and has fallen for ten months.
  • The seasonally adjusted estimate for private sector houses approved rose 1.5% following falls in the previous four months.


PRIVATE SECTOR OTHER DWELLING UNITS
  • The trend estimate for private sector other dwellings approved fell 1.0% in October and has fallen for five months.
  • The seasonally adjusted estimate for private sector other dwellings approved rose 23.6% following a fall of 14.8% last month.


VALUE OF BUILDING APPROVED
  • The trend estimate for the value of total building approved fell 0.9% in October and has fallen for seven months.
  • The trend estimates for the value of building approved should be interpreted with caution. See the data notes on page 2 of this publication.
  • The seasonally adjusted estimate for the value of total building approved rose 4.1% in October. The seasonally adjusted estimate for the value of new residential building rose 8.2% and the value of residential alterations and additions rose 7.9%. The seasonally adjusted estimate for the value of non-residential building fell 3.8%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2010 6 January 2011
December 2010 3 February 2011
January 2011 3 March 2011
February 2011 31 March 2011
March 2011 5 May 2011
April 2011 31 May 2011



CHANGES IN THIS ISSUE

A new base year, 2008-09, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2008-09. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of, but not the movements in, chain volume estimates.


REVISIONS THIS MONTH

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

2009-10
2010-11
TOTAL

NSW
69
47
116
Vic.
-1
249
248
Qld
-43
-
-43
SA
-
12
12
WA
1
2
3
Tas.
-
3
3
NT
-
-
-
ACT
-
-
-
Total
26
313
339




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 its short term nature. From March 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 20 to 23 of the explanatory notes.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Rebecca Eales on Adelaide (08) 8237 7648.


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