Dwelling approvals record a strong rise in February
The number of dwellings approved rose 21.6 per cent in February (seasonally adjusted), after falling 19.4 per cent in January, according to data released by the Australian Bureau of Statistics (ABS) today.
Bill Becker, Director of Construction Statistics at the ABS, said: "Approvals for private houses increased 15.1 per cent in February, exceeding the previous record-high set in December last year."
"Since the introduction of the Homebuilder grant in June 2020, private house approvals have risen by almost 70 per cent."
Approvals for private sector dwellings excluding houses (i.e. townhouses and apartments) rose by 45.3 per cent in seasonally adjusted terms, coming off a nine-year low in January.
Total dwelling approvals rose in Queensland (40.5 per cent), Tasmania (31.6 per cent), Victoria (21.7 per cent), Western Australia (19.1 per cent) and New South Wales (16.1 per cent). Dwelling approvals fell in South Australia (3.4 per cent).
Approvals for private sector houses rose across all mainland states in February; Queensland (25.4 per cent), Western Australia (16.7 per cent), New South Wales (14.5 per cent), Victoria (11.1 per cent) and South Australia (4.0 per cent).
The value of total building approved increased 23.3 per cent, in seasonally adjusted terms. The value of total residential building rose 21.0 per cent, comprising a 22.8 per cent rise in new residential building, and a 11.1 per cent increase in alterations and additions. The value of non-residential building also increased in February (27.5 per cent).
Further information is available in Building Approvals, Australia.
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