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Dwelling approvals across Australia increase in July
Data released yesterday by the Australian Bureau of Statistics (ABS) shows that the number of dwellings approved rose 0.7 per cent in July 2017.
This upwards trend has been ongoing for the three months leading into July.
Dwelling approvals by state:
The Northern Territory saw the highest dwelling approval increase throughout the month at 9.7 per cent. This was followed by the Australian Capital Territory at 8.8 per cent.
The state with the lowest rate of dwelling approval growth was Queensland, at 0.2 per cent.
| State | % Growth July 2017 |
|---|---|
| Northern Territory | 9.7 |
| Australian Capital Territory | 8.8 |
| Victoria | 1 |
| Tasmania | 1 |
| Western Australia | 0.8 |
| South Australia | 0.8 |
| New South Wales | 0.4 |
| Queensland | 0.2 |
“The value of non-residential building approvals have risen for the past six months, in trend terms, reaching a record high in July 2017,” said Daniel Rossi, Director of Construction Statistics at the ABS.
“The strength in non-residential building has been driven by approvals in New South Wales and Victoria, where a number of office and education buildings have been approved in recent months.”
Disclaimer
This article is over two years old, last updated on August 31, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
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