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8731.0 - Building Approvals, Australia, Oct 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2004   
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OCTOBER KEY FIGURES

Oct 04
Sep 04 to Oct 04
Oct 03 to Oct 04
no.
% change
% change

Trend

Total dwelling units approved
12,707
-3.0
-16.2
Private sector houses
8,596
-1.3
-16.2
Private sector other dwellings
3,700
-7.1
-20.0

Seasonally Adjusted

Total dwelling units approved
12,621
-2.4
-20.9
Private sector houses
8,651
1.1
-15.1
Private sector other dwellings
3,572
-10.9
-35.3

Dwelling units approved, Total number
Graph: Number of dwelling units approved

Private sector houses approved, Total number
Graph: Private sector houses approved



OCTOBER KEY POINTS


TOTAL DWELLING UNITS

  • The trend estimate for total dwelling units approved fell 3.0% in October 2004. The trend has fallen for the last six months.
  • The seasonally adjusted estimate for total dwelling units approved fell 2.4%, to 12,621, in October 2004. This is the seventh consecutive monthly fall, with the October estimate being the lowest since June 2001.


PRIVATE SECTOR HOUSES
  • The trend estimate for private sector houses approved fell 1.3% in October 2004. The trend has now fallen for thirteen consecutive months.
  • The seasonally adjusted estimate for private sector houses approved rose 1.1%, to 8,651, in October 2004.


PRIVATE SECTOR OTHER DWELLING UNITS
  • The trend estimate for private sector other dwellings approved fell 7.1% in October 2004.
  • The seasonally adjusted estimate for private sector other dwellings approved fell 10.9%, to 3,572, in October 2004. This is the fifth consecutive monthly decline.


VALUE OF BUILDING APPROVED
  • The seasonally adjusted estimate of the value of total building approved rose 5.1%, to $4,290.2m, in October 2004. After four consecutive monthly falls, the value of new residential building approved rose 2.8%, to $2,354.4m, in October 2004.


NOTES


CHANGES IN THIS ISSUE

There are no changes in this issue.



REVISIONS THIS MONTH

Revisions have been made to total dwelling units in this issue:

2003-04
2004-05
TOTAL

New South Wales
229
57
286
Victoria
7
-3
4
Queensland
30
-16
14
South Australia
-
-4
-4
Western Australia
-8
-37
-45
Tasmania
-
-5
-5
Northern Territory
-
-
-
Australian Capital Territory
-
-
-
TOTAL
258
-8
250



DATA NOTES

Estimates have been included in this issue for two councils unable to report all building work approved in their municipalities this month (Campbelltown in New South Wales and Swan in Western Australia).



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or David Finlay on Adelaide (08) 8237 7431.



VALUE OF BUILDING APPROVED

NEW RESIDENTIAL BUILDING

The trend estimate of the value of new residential building is showing a steady decline over the last six months, falling 2.0% in October 2004.

Graph: New residential building


ALTERATIONS AND ADDITIONS TO RESIDENTIAL BUILDING

The trend estimate of the value of alterations and additions to residential building is showing a decline over the last four months. The trend fell 2.7% in October 2004.

Graph: Alterations and additions to residential buildings


NON-RESIDENTIAL BUILDING

The trend estimate of the value of non-residential building is showing an increase over the past nine months, rising 1.6% in October 2004.

Graph: Non-residential building



DWELLINGS APPROVED

TOTAL DWELLING UNITS

The trend estimate for total dwelling units approved is now showing a decline over the last six months.

Graph: Total dwelling units approved


PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved has shown a steady decline for the last thirteen months. The trend fell 1.3% in October 2004.

Graph: Private sector houses approved


PRIVATE SECTOR OTHER DWELLINGS

The trend estimate for private sector other dwellings approved now shows a decline over the past five months, with the rate of decline increasing. The trend fell 7.1% in October 2004.

Graph: Private sector other dwellings approved



DWELLING UNITS APPROVED - STATES AND TERRITORIES

SUMMARY COMMENTS

The trend estimate for total dwelling units approved fell 3.0% in October 2004. The trend fell in all states and territories.


The trend estimate for private sector houses approved fell 1.3% in October 2004. The trend continued to fall in New South Wales (-3.4%), Victoria (-2.3%) and South Australia (-1.8%), but is now rising in Queensland (+0.9%). The trend in Western Australia is now flat.

NSW
Vic.
Qld
SA
WA
Tas.
NT
ACT
Aust.

Original

Dwelling units approved
Private sector houses (no.)
1,505
2,578
2,148
610
1,453
200
44
65
8,603
Total dwelling units (no.)
2,846
3,589
3,194
875
1,950
260
80
75
12,869
Percentage change from previous month
Private sector houses (%)
-8.1
0.6
-1.8
-10.9
-14.2
-5.7
-29.0
-5.8
-5.5
Total dwelling units (%)
-13.2
6.2
-4.5
-2.6
-6.8
17.6
-62.1
-18.5
-4.8

Seasonally Adjusted

Dwelling units approved
Private sector houses (no.)
1,512
2,480
2,241
639
1,485
na
na
na
8,651
Total dwelling units (no.)
2,649
3,491
3,291
904
1,885
256
na
na
12,621
Percentage change from previous month
Private sector houses (%)
-4.6
1.4
10.1
3.8
-4.6
na
na
na
1.1
Total dwelling units (%)
-15.5
6.9
3.2
9.2
-6.4
29.9
na
na
-2.4

Trend

Dwelling units approved
Private sector houses (no.)
1,555
2,467
2,140
628
1,501
na
na
na
8,596
Total dwelling units (no.)
2,876
3,367
3,310
823
1,961
214
122
55
12,707
Percentage change from previous month
Private sector houses (%)
-3.4
-2.3
0.9
-1.8
-0.1
na
na
na
-1.3
Total dwelling units (%)
-6.9
-1.4
-0.1
-4.0
-1.2
-4.0
-4.7
-36.0
-3.0

na not available



DWELLING UNITS APPROVED

STATE TRENDS

NEW SOUTH WALES

The trend estimate for total dwelling units approved in New South Wales has fallen for the last seven months. The trend for private sector houses is showing declines for the last fourteen months.

Graph: Dwelling units approved - NSW


VICTORIA

The trend estimate for total dwelling units in Victoria is now showing a decline over the past thirteen months. The trend for private sector houses shows a general decline starting in September 2003.

Graph: Dwelling units approved - VIC


QUEENSLAND

The fall in the trend estimate for total dwelling units approved in Queensland, evident over the last twelve months, has slowed. The trend for private sector houses is now showing a small rise in the last two months.

Graph: Dwelling units approved - Qld


SOUTH AUSTRALIA

The trend estimate for total dwelling units approved in South Australia is now showing a decline over the past four months. The trend for private sector houses is continuing a decline which started in October 2003.

Graph: Dwelling units approved - SA


WESTERN AUSTRALIA

The trend estimate for total dwelling units approved in Western Australia is now showing a decline over the past four months. The trend for private sector houses was relatively flat in October 2004.

Graph: Dwelling units approved - WA

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