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8731.0 - Building Approvals, Australia, Feb 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/04/2005   
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FEBRUARY KEY FIGURES

Feb 05
Jan 05 to Feb 05
Feb 04 to Feb 05
no.
% change
% change

Trend

Total dwelling units approved
12,805
0.6
-12.6
Private sector houses
8,551
-0.1
-12.0
Private sector other dwellings
3,967
3.3
-14.4

Seasonally Adjusted

Total dwelling units approved
13,127
-0.5
-10.1
Private sector houses
8,543
-3.4
-10.6
Private sector other dwellings
4,451
11.5
-6.8

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

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



FEBRUARY KEY POINTS


TOTAL DWELLING UNITS

  • The trend for total dwelling approvals rose 0.6% in February 2005.
  • The seasonally adjusted estimate for total dwelling units approved fell 0.5%, to 13,127, in February 2005.


PRIVATE SECTOR HOUSES
  • The trend estimate of private sector house approvals has fallen for the past seventeen months, with the rate of decline slowing in recent months. The trend estimate was relatively flat (-0.1%) in February 2005.
  • The seasonally adjusted estimate for private sector houses approved fell 3.4%, to 8,543, in February 2005.


PRIVATE SECTOR OTHER DWELLING UNITS
  • The trend estimate for private sector other dwellings approved rose 3.3% in February 2005, the third consecutive monthly rise.
  • The seasonally adjusted estimate for private sector other dwellings approved rose 11.5%, to 4,451, in February 2005. This follows a fall of 10.7% in January.


VALUE OF BUILDING APPROVED
  • The seasonally adjusted estimate of the value of total building approved rose 8.4%, to $4,643.7m, in February 2005. The value of new residential building approved rose 5.7%, to $2,587.4m.


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
-
-91
-91
Victoria
-
-4
-4
Queensland
1
-66
-65
South Australia
-5
1
-4
Western Australia
1
2
3
Tasmania
-
1
1
Northern Territory
-
-
-
Australian Capital Territory
-
-
-
TOTAL
-3
-157
-160


One missing permit added to August 2004 data contributed to a large revision to the value of building approved. This was a $34m non-residential building in Queensland.



DATA NOTES

Estimates have been included in this issue for the municipality of Campbelltown (New South Wales) which was unable to report all building work approved in their municipality this month.


A $208m public sector, non-residential approval in Australia's External Territories has been included in this month's data for Western Australia. (See paragraph 25 of the Explanatory Notes for more information.)



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 rise over the past four months after six months of decline. The trend rose 1.4% in February 2005.

Graph: Value of New Residential Building



ALTERATIONS AND ADDITIONS TO RESIDENTIAL BUILDING

The trend estimate of the value of alterations and additions to residential building is now showing a rise over the past four months. The trend rose 0.5% in February 2005.

Graph: Alterations and additions to residential buildings



NON-RESIDENTIAL BUILDING

The trend estimate of the value of non-residential building is now showing five months of decline, falling 2.5% in February 2005.

Graph: Value of Non-residential Building



DWELLINGS APPROVED


TOTAL DWELLING UNITS

The trend estimate for total dwelling units approved rose 0.6% in February 2005, the second consecutive monthly rise. This follows a general decline starting in October 2003.

Graph: Total Dwelling Units Approved



PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved has declined for the last seventeen months with the rate of decline slowing in recent months. The trend estimate fell 0.1% in February 2005.

Graph: Private Sector Houses Approved



PRIVATE SECTOR OTHER DWELLINGS

The trend estimate for private sector other dwellings approved rose 3.3% in February 2005, the third consecutive monthly rise.

Graph: Private sector other dwellings approved



DWELLING UNITS APPROVED STATES AND TERRITORIES


SUMMARY COMMENTS

The trend estimate for total dwelling units approved rose 0.6% in February 2005. The trend rose in New South Wales (+5.3%), Western Australia (+2.2%) and the Australian Capital Territory (+7.4%), but fell in all other states and territories.


The trend estimate for private sector houses approved was relatively flat (-0.1%) in February 2005. The trend rose in New South Wales (+0.4%), Victoria (+0.6%) and Western Australia (+1.6%), but fell in Queensland (-2.2%) and South Australia (-1.3%).

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

Original

Dwelling units approved
Private sector houses (no.)
1,504
2,354
1,845
581
1,540
169
47
47
8,087
Total dwelling units (no.)
3,177
3,135
2,707
766
1,986
190
156
47
12,164
Percentage change from previous month
Private sector houses (%)
19.0
26.4
18.9
23.6
1.9
4.3
113.6
67.9
17.7
Total dwelling units (%)
37.8
35.2
5.6
-22.0
18.9
-1.6
90.2
-90.2
14.8

Seasonally Adjusted

Dwelling units approved
Private sector houses (no.)
1,613
2,440
1,898
602
1,709
na
na
na
8,543
Total dwelling units (no.)
3,818
3,221
2,760
787
2,130
214
na
na
13,127
Percentage change from previous month
Private sector houses (%)
1.8
-7.1
-3.6
-9.2
-1.7
na
na
na
-3.4
Total dwelling units (%)
21.2
4.5
-8.0
-33.0
8.1
-6.1
na
na
-0.5

Trend

Dwelling units approved
Private sector houses (no.)
1,571
2,437
1,917
655
1,699
na
na
na
8,551
Total dwelling units (no.)
3,359
3,098
2,946
820
2,029
231
73
248
12,805
Percentage change from previous month
Private sector houses (%)
0.4
0.6
-2.2
-1.3
1.6
na
na
na
-0.1
Total dwelling units (%)
5.3
-1.8
-2.6
-0.2
2.2
-1.7
-9.9
7.4
0.6

na not available




DWELLING UNITS APPROVED STATE TRENDS


NEW SOUTH WALES

The trend estimate for total dwelling units approved in New South Wales rose 5.3% in February 2005, the fourth consecutive monthly rise. The trend for private sector houses is now showing small rises for the past two months.

Graph: Dwelling units approved - NSW



VICTORIA

The trend estimate for total dwelling units in Victoria is showing a decline over the past sixteen months. The trend for private sector houses is now showing a rise in February 2005, after seventeen months of decline.

Graph: Dwelling units approved - Vic



QUEENSLAND

The trend estimate for total dwelling units approved in Queensland is showing a general decline over the last seventeen months. The trend for private sector houses is now showing a general decline over the last fifteen months.

Graph: Dwelling units approved - Qld



SOUTH AUSTRALIA

The trend estimate for total dwelling units approved in South Australia is now showing a decline for the past eight months, with the rate of decline slowing in recent months. The trend for private sector houses is now showing a fall over the past two months.

Graph: Dwelling units approved - SA



WESTERN AUSTRALIA

The trend estimate for total dwelling units approved in Western Australia shows rises for the past four months after five months of decline. The trend for private sector houses shows a rise over the past six months.

Graph: Dwelling units approved - WA



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