NEW OTHER RESIDENTIAL BUILDING APPROVALS
Other residential building refers to a building other than a house primarily used for long-term residential purposes and which contains (or has attached to it) more than one dwelling unit. This includes buildings such as blocks of flats, units and apartments, and semi-detached houses and townhouses.
While they are still the major component of new other residential approvals (contributing 54% of all approvals), in 2005-06 the number of approvals for flats, units and apartments decreased (table 19.6).
In 2005-06 new semi-detached, row or terrace houses and townhouses showed decreases in both one storey (7.6%) and two or more storey (15%) approvals. All types of new flat, unit or apartment building approvals decreased in 2005-06 compared with 2004-05, with four or more storeys decreasing the most (23%). Approvals for new flats, units or apartments with four storeys or more, accounted for 35% of new other residential building approvals in 2005-06, down from 39% in 2004-05.
Residential building involves the construction of dwelling units, including new houses, other new residential buildings (flats, apartments, villa units, townhouses, duplexes, etc.), and dwellings created as part of alterations and additions to existing buildings (including conversions to dwelling units). Building approvals are used as a key indicator of future activity, as nearly all building activity must be approved by local and/or other authorities.
RESIDENTIAL BUILDING APPROVALS
Graph 19.5 shows that total dwelling unit approvals between 1995-96 and 1998-99 experienced relatively stable growth. Activity brought forward ahead of the introduction of The New Tax System in July 2000 contributed to the increase and decrease between early-1999 and late-2000. In 2005-06 the total number of dwelling unit approvals was 149,913.
New residential building work done
Between 2004-05 and 2005-06 the value of total building work done (in volume terms) increased by $291m (less than 1%) to $58,891m (table 19.7). Total new residential building decreased by $1,734m (5.3%), with new residential building for houses decreasing by $385m.
19.6 NEW OTHER RESIDENTIAL DWELLING UNITS APPROVED
|New semi-detached, row or terrace houses, townhouses, etc.|
|Two or more storeys|
|New flats, units or apartments in a building|
|One or two storeys|
|Four or more storeys|
|Source: Building Approvals, Australia (8731.0).|
19.7 VALUE OF BUILDING WORK DONE(a), By type of activity
New residential building
|(a) Volume measures. Reference year is 2004-05.|
|Source: Construction Work Done, Australia, Preliminary (8755.0).|