8731.0 - Building Approvals, Australia, February 2012 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/04/2012   
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02 April 2012
Embargo: 11.30 am (Canberra time)

Dwelling approvals fall in February

ABS Building Approvals show that the number of dwellings approved fell 7.8% in February 2012, in seasonally adjusted terms, following a rise of 1.1% in January.

Dwelling approvals decreased for the month of February in New South Wales (-41.2%) but rose in Queensland (13.0%), South Australia (10.1%), Tasmania (10.0%), Western Australia (5.7%) and Victoria (1.1%) in seasonally adjusted terms.

In seasonally adjusted terms, approvals for private sector houses fell 3.4% in February with falls in South Australia (-11.9%), Western Australia (-8.4%), New South Wales (-2.1%), Queensland (-1.6%) and Victoria (-0.6%).

The value of total building approved decreased 32.1% in February in seasonally adjusted terms, following an increase of 51.6% in January. The value of residential building was flat while non-residential building fell 53.7%.

Further information is available in Building Approvals, Australia (cat no. 8731.0) on the ABS website at www.abs.gov.au

Media Note: Please ensure when reporting on ABS data that you attribute the Australian Bureau of Statistics (or the ABS) as the source.