- Fell by 6.7% in June
- Fall had been primarily driven by an 11.8% decline in private sector houses
- Since the housing stimulus ended, approvals have fallen 20.5%
Dwelling approvals have fallen even further according to data recently released by the Australian Bureau of Statistics (ABS).
Seasonally adjusted, the number of dwelling approvals fell by 6.7% in June for the third consecutive month. In May it fell by 7.6% and by 5% in April.
ABS Director of Construction Statistics, Daniel Rossi, said the fall had been driven by an 11.8% decline in private sector houses – although approvals in private sector dwellings (that weren’t houses) rose by 0.8%.
“Since the unwinding of stimulus measures, approvals for private houses have fallen 20.9 per cent from the record high in April,” Mr Rossi said.
“Despite the fall, private house approvals remain at elevated levels and are 44.3 per cent higher than June 2020 and 37.6 per cent higher than June 2019.”
Daniel Rossi, ABS Director of Construction Statistics
Ups and downs
Western Australia recorded the largest decline of 30%. Queensland (-18.4%), Tasmania (-14.9%) and New South Wales (-12.7%) all recorded declines.
In Victoria and South Australia, however, dwelling approvals rose by 12.8% and 8.6% respectively.
By the number of dwelling units approved, Victoria leads the way with 6785 followed by 5169 in New South Wales.
The value of total building approvals fell by 2.6% in seasonally adjusted terms.
Non-residential building values declined by 3%, following a rise of 27.3% in May. Residential building value dell by 2.3%, comprising a 2.9% fall in new residential building although there was a 2% rise in residential alterations and additions.