The number of house approvals in Western Australia has fallen for eleven consecutive months, from 1,886 in February 2006 to 1,584 in January 2007 in trend terms - down 16.0% or 302 approvals. Over the last eleven months, house approvals have dropped by an average monthly rate of 1.6%, with the rate of deceleration increasing from -1.2% (-22 approvals) in September 2006 to -3.1 (-50 approvals) in January 2007. On a more positive note, the number of approvals for other dwellings has increased in each of the last four months in Western Australia, from 458 in September 2006 to 493 in January 2007 - up 7.6% or 35 approvals. Other dwellings include semi-detached houses or townhouses, flats, units and apartments.
NUMBER OF DWELLINGS APPROVED, Houses: Trend
In the three months to January 2007, the number of new house approvals in Western Australia fell by 12.9% or 698 approvals, from the previous three month period. This decline coincided with a 9.6% or $117 million fall in the total value of new house approvals over the same period.