Property News

Building Approvals, Australia, ABS

9 January 2007

NOVEMBER KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwelling approvals fell 1.2% in November 2006.
• The seasonally adjusted estimate for total dwelling units approved rose 4.1%, to 12,739, in November 2006. Increases in public sector other dwellings were a significant contributing factor to the increase in total dwellings this month.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector house approvals fell 0.1% in November 2006.
• The seasonally adjusted estimate for private sector houses approved rose 3.1%, to 8,881, in November 2006.

PRIVATE SECTOR OTHER DWELLING UNITS

• The trend estimate for private sector other dwellings approved fell 5.0% in November 2006.
• The seasonally adjusted estimate for private sector other dwellings approved rose 2.4%, to 3,421, in November 2006.

VALUE OF BUILDING APPROVED

• The trend estimate for the value of total building approved fell 0.6% in November 2006. The value of new residential building fell 0.2% and the value of alterations and additions rose 1.0%. The trend for the value of non-residential building approved fell 1.5% in November 2006.
• The seasonally adjusted estimate for the value of total building approved rose 1.4%, to $5,336.4m, in November 2006. The value of new residential building approved rose 3.3%, to $2,750.1m. The value of alterations and additions rose 2.2%, to $490.9m. The value of non-residential building fell 1.2%, to $2,095.5m.

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