BUILDING APPROVALS
In March quarter 2010, there were 13,626 new dwelling units approved in Victoria, of which 71.6% were in the Melbourne MSR. There were 512 less dwelling unit approvals (-3.6%) in Victoria than in the previous quarter, but 3.607 (36.0%) more than in March quarter 2009. The number of dwelling units approved in the Melbourne MSR decreased by 5.4% compared with the previous quarter but increased by 24.8% compared with March quarter 2009. In the Balance of Victoria MSR there was an increase of 50 units (1.3%) over the previous quarter and an increase of 1,668 (75.8%) over the March quarter 2009.
Nearly one third (32.5%) of dwelling unit approvals in the Melbourne MSR over the March quarter 2010 were in three LGAs - Wyndham (1,446), Whittlesea (1,001) and Casey (720). In the Balance of Victoria MSR, the LGAs with the highest number of dwelling units approved were Greater Geelong (558), Ballarat (338) and Greater Bendigo (289).
Dwelling unit approvals, By Major Statistical Region
At current prices, the total value of building approvals in Victoria in March quarter 2010 was $5,271.4 million, a decrease of $987.0 million (-15.8%) since December quarter 2009, but an increase of $1,061.1 million (25.2%) compared with March quarter 2009.
Value of all building approvals, Current prices, By Major Statistical Region
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Building approvals, By Local Government Area from the
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