Dwelling approvals fall despite growth in private houses

Media Release
Released
4/04/2024

The total number of dwellings approved fell 1.9 per cent in February (seasonally adjusted), after a 2.5 per cent fall in January, according to data released today by the Australian Bureau of Statistics (ABS).

Daniel Rossi, ABS head of construction statistics, said: "Approvals for private sector dwellings excluding houses fell 24.9 per cent in February in seasonally adjusted terms, driven by a fall in the number of approved large apartment projects."

"Approvals for private houses rose 10.7 per cent in February."

Approvals for private sector houses rose in all states: Western Australia (20.7 per cent),  New South Wales (17.0 per cent), Victoria (12.4 per cent), Queensland (3.4 per cent), and South Australia (2.0 per cent).

Total dwelling approvals fell 28.5 per cent in Queensland. Meanwhile, rises were recorded in Tasmania (39.3 per cent), New South Wales (23.4 percent),  South Australia (15.4 percent), Victoria (2.1 per cent), and Western Australia (0.9 per cent).

The value of total building approved fell 16.5 per cent, following a 14.5 per cent rise in January. The value of total residential building fell 16.8 per cent, comprised of a 19.1 per cent decrease in the value of new residential building and a 0.1 per cent fall in alterations and additions.

The value of non-residential building fell 16.0 per cent, after a 11.6 per cent rise in January. 

Further information is available in Building Approvals, Australia.

Media notes

  • "Private sector dwellings excluding houses" includes semi-detached, row or terrace houses, townhouses and apartments.
  • When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
  • For media requests and interviews, contact the ABS Media Team via media@abs.gov.au (8.30am-5pm Mon-Fri).
  • Subscribe to our media release notification service to get notified of ABS media releases or publications upon their release.
  • The extra leap year day in 2024 is unlikely to impact seasonally adjusted statistics released by the Australian Bureau of Statistics (ABS) for February 2024. This is because the impact of an additional leap year day is analysed as part of the seasonal adjustment process, which includes the impact of trading days. The impact of the extra leap year day will be evident in the original (non-seasonally adjusted) series. For further information please refer to this note. Accounting for the extra leap year day in ABS seasonally adjusted statistics | Australian Bureau of Statistics
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