Australian Bureau of Statistics
1367.5 - Western Australian Statistical Indicators, Jun 2007
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/07/2007
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The number of house approvals (trend) in Western Australia declined for 14 consecutive months between January 2006 (1,877) and March 2007 (1,550), with this downward trend ending with a slight increase in house approvals in April 2007 (1,553). During the period of decline, house approvals fell 1.5% (23 approvals) on average per month, significantly lower than the average monthly decline of 6.5% (60 approvals) during the last major downturn in the building cycle between November 1999 and January 2001 (coinciding with the introduction of the GST). Similarly, the number of non-house building approvals (including other residential and non-residential building) have fallen successively over the past 7 months, from a peak of 468 approvals in September 2006 to 321 approvals in April 2007.
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This page last updated 2 October 2007