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8731.0 - Building Approvals, Australia, Nov 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/01/2005   
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NOVEMBER KEY FIGURES

Nov 04
Oct 04 to Nov 04
Nov 03 to Nov 04
no.
% change
% change

TREND

Total dwelling units approved
12,466
-2.1
-17.2
Private sector houses
8,688
-0.3
-14.4
Private sector other dwellings
3,338
-6.9
-27.5

SEASONALLY ADJUSTED

Total dwelling units approved
12,716
-0.3
-12.8
Private sector houses
8,804
0.9
-13.5
Private sector other dwellings
3,419
-5.4
-16.7

Dwelling units approved
Graph: Dwelling Units Approved

Private sector houses approved
Graph: Private Sector Houses Approved



NOVEMBER KEY POINTS


TOTAL DWELLING UNITS

  • The trend estimate for total dwelling units approved fell 2.1% in November 2004. The trend has fallen for the last seven months.
  • The seasonally adjusted estimate for total dwelling units approved fell 0.3%, to 12,716, in November 2004. This is the eighth consecutive monthly fall, with the November estimate being the lowest since June 2001.


PRIVATE SECTOR HOUSES
  • The trend estimate for private sector houses approved fell 0.3% in November 2004. The trend has now fallen for fourteen consecutive months, although the rate of decline has slowed over recent months.
  • The seasonally adjusted estimate for private sector houses approved rose 0.9%, to 8,804, in November 2004.


PRIVATE SECTOR OTHER DWELLING UNITS
  • The trend estimate for private sector other dwellings approved fell 6.9% in November 2004.
  • The seasonally adjusted estimate for private sector other dwellings approved fell 5.4%, to 3,419, in November 2004. This is the sixth consecutive monthly decline.


VALUE OF BUILDING APPROVED
  • The seasonally adjusted estimate of the value of total building approved fell 3.8%, to $4,151.1m, in November 2004. The value of new residential building approved fell 1.0%, to $2,350.9m, while the value of residential alterations and additions rose 3.6%, to $413.1m.


NOTES


CHANGES IN THIS ISSUE

As part of ongoing improvements to the ABS seasonal adjustment methodology, an improved method for removing trading day effects from seasonally adjusted estimates has been introduced. Corrections for trading day effects are now applied as prior corrections to the original estimates, rather than being applied within the seasonal adjustment process. This is now consistent with treatment of appropriate corrections for large extremes, changes in level, changes in seasonal pattern, Easter, and other effects. This change in methodology will result in revisions to seasonally adjusted and trend estimates.



REVISIONS THIS MONTH

Revisions have been made to total dwelling units in this issue:

2003-04
2004-05
TOTAL

New South Wales
-31
-7
-38
Victoria
1
42
43
Queensland
-
33
33
South Australia
-
1
1
Western Australia
24
-141
-117
Tasmania
-
-
-
Northern Territory
-
-
-
Australian Capital Territory
-
-
-
TOTAL
-6
-72
-78



DATA NOTES

Estimates have been included in this issue for four councils unable to report all building work approved in their municipalities this month (Campbelltown in New South Wales, Pine Rivers and Mackay in Queensland, and Swan in Western Australia).



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or David Finlay on Adelaide (08) 8237 7431.



SUMMARY COMMENTARY


VALUE OF BUILDING APPROVED

NEW RESIDENTIAL BUILDING

The trend estimate of the value of new residential building is showing a steady decline over the last seven months, falling 1.0% in November 2004.

Graph: Value of New Residential Building


ALTERATIONS AND ADDITIONS TO RESIDENTIAL BUILDING

The trend estimate of the value of alterations and additions to residential building is showing a decline over the last five months. The trend fell 1.1% in November 2004.

Graph: Value of Alterations and Additions to Residential Buildings


NON-RESIDENTIAL BUILDING

The trend estimate of the value of non-residential building is now relatively flat, falling 0.4% in November 2004.

Graph: Value of Non-residential Building



DWELLINGS APPROVED

TOTAL DWELLING UNITS

The trend estimate for total dwelling units approved is showing a decline over the last seven months.

Graph: Total Dwelling Units Approved


PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved has shown a decline for the last fourteen months, with the decline slowing in recent months. The trend fell 0.3% in November 2004.

Graph: Private Sector Houses Approved


PRIVATE SECTOR OTHER DWELLINGS

The trend estimate for private sector other dwellings approved has fallen strongly over the past six months. The trend fell 6.9% in November 2004.



DWELLING UNITS APPROVED- STATES AND TERRITORIES

SUMMARY COMMENTS

The trend estimate for total dwelling units approved fell 2.1% in November 2004. The trend fell in all states and territories, except Tasmania, which rose 2.2%.


The trend estimate for private sector houses approved fell 0.3% in November 2004. The trend continued to fall in New South Wales (-2.2%), Victoria (-1.2%) and South Australia (-0.3%). The trend rose in Queensland (+1.3%) and Western Australia (+1.2%) in November 2004, the fourth consecutive monthly rise in both states.

NSW
Vic.
Qld
SA
WA
Tas.
NT
ACT
Aust.

Original

Dwelling units approved
Private sector houses (no.)
1,799
2,678
2,195
735
1,699
216
28
61
9,411
Total dwelling units (no.)
2,966
3,540
3,193
903
1,903
271
89
274
13,139
Percentage change from previous month
Private sector houses (%)
18.3
7.0
1.8
19.9
16.5
8.0
-36.4
-6.2
9.9
Total dwelling units (%)
3.6
-1.4
-0.6
1.9
-2.7
4.2
11.3
265.3
1.7

Seasonally Adjusted

Dwelling units approved
Private sector houses (no.)
1,540
2,563
2,204
663
1,556
na
na
na
8,804
Total dwelling units (no.)
2,859
3,425
3,234
831
1,760
250
na
na
12,716
Percentage change from previous month
Private sector houses (%)
-0.4
3.3
-1.8
1.7
3.5
na
na
na
0.9
Total dwelling units (%)
9.3
-4.0
-2.5
-10.2
-8.4
-3.5
na
na
-0.3

Trend

Dwelling units approved
Private sector houses (no.)
1,543
2,476
2,197
643
1,532
na
na
na
8,688
Total dwelling units (no.)
2,740
3,412
3,291
804
1,851
234
97
68
12,466
Percentage change from previous month
Private sector houses (%)
-2.2
-1.2
1.3
-0.3
1.2
na
na
na
-0.3
Total dwelling units (%)
-4.5
-0.4
-0.4
-3.5
-2.1
2.2
-13.4
-16.0
-2.1

na not available



DWELLING UNITS APPROVED

State Trends

NEW SOUTH WALES

The trend estimate for total dwelling units approved in New South Wales has fallen for the last eight months. The trend for private sector houses is showing declines for the last fifteen months.

Graph: Dwelling units approved - NSW


VICTORIA

The trend estimate for total dwelling units in Victoria is now showing a decline over the past fourteen months. The trend for private sector houses shows a general decline over the past fifteen months.

Graph: Dwelling units approved - Vic


QUEENSLAND

The general decline in the trend estimate for total dwelling units approved in Queensland, evident over the last fourteen months, has slowed. The trend for private sector houses is showing a rise over the last four months.

Graph: Dwelling units approved - Qld


SOUTH AUSTRALIA

The trend estimate for total dwelling units approved in South Australia is now showing a steady decline over the past five months. The trend for private sector houses is showing a slowing in the general decline evident since September 2003.

Graph: Dwelling units approved - SA


WESTERN AUSTRALIA

The trend estimate for total dwelling units approved in Western Australia is now showing a decline over the past six months. The trend for private sector houses is now showing a rise over the past four months.

Graph: Dwelling units approved - WA

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