Approved dwellings down 3.3% in June, says ABS
The total number of dwellings approved slumped in June this year, and has been in the downward trend for three months in seasonally adjusted terms, according to the Australian Bureau of Statistics Building Approvals.
Among those recording less dwelling approvals were New South Wales, which slid by 6.2 per cent, Queensland plunging 8.1 per cent and South Australia plummeting 25.4 per cent.
Meanwhile, Victoria recorded a moderate rise of 1.4 per cent, Western Australia increased by 1.4 per cent and Tasmania soared by 21.3 per cent.
Private sector houses approved declined 2.5 per cent. This is due to a 5.4 per cent drop in Victoria, 8.9 per cent fall in Queensland and 4 per cent slide in South Australia. New South Wales and Western Australia rose by 0.9 and 5.9 per cent, respectively.
The value of total building approved decreased 2.4 per cent in June in seasonally adjusted terms. The value of total residential went down by 5.5 per cent while non-residential climbed by 4.4 per cent, ABS said.