8731.0 - Building Approvals, Australia, Oct 2010 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2010
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OCTOBER KEY POINTS
TOTAL DWELLING UNITS
PRIVATE SECTOR HOUSES
PRIVATE SECTOR OTHER DWELLING UNITS
VALUE OF BUILDING APPROVED
CHANGES IN THIS ISSUE
A new base year, 2008-09, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2008-09. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of, but not the movements in, chain volume estimates.
REVISIONS THIS MONTH
Revisions to the total number of dwelling units approved in this issue are:
The trend estimates should be interpreted with caution as the underlying behaviour of building approvals may be affected by initiatives within the Government stimulus package, which included the "Building the Education Revolution" (BER) program and the Social Housing Initiative as well as other developments associated with global economic conditions. From June 2009 to February 2010 BER impacts were quantified and removed from the trend estimates because of its short term nature. From March 2010 these impacts are no longer removed from the trend estimates as their effect has significantly declined. For more details on trend estimates, please see paragraphs 20 to 23 of the explanatory notes.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Rebecca Eales on Adelaide (08) 8237 7648.
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