Dwelling approvals in the country rose by 8.7 percent in December after dropping by 3.9 percent during the previous month.

Moreover, the value of total residential buildings rose by 5.7 percent while non-residential buildings rose by 13.1 percent.

According to the Australian Bureau of Statistics, New South Wales (16.7%), Victoria (11.4%), South Australia (1.1%) and Tasmania (9.9%) recorded more dwelling approvals this month while Queensland (-5.7%) and Western Australia (-4.2%) recorded fewer dwelling approvals in seasonally adjusted terms.

Private sector houses approved were flat in December with falls in South Australia (-11.2%) and Queensland (-0.2%) and increases in New South Wales (0.4%), Victoria (2.1%) and Western Australia (0.8%).

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