Property News

Building Approvals, Australia, Aug 2006 - ABS

04 October 2006

AUGUST KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwelling approvals rose 0.7% in August 2006.
• The seasonally adjusted estimate for total dwelling units approved fell 12.6%, to 12,432, in August 2006.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector house approvals rose 0.4% in August 2006.
• The seasonally adjusted estimate for private sector houses approved rose 1.1%, to 8,952, in August 2006. This is the highest level since June 2005.

PRIVATE SECTOR OTHER DWELLING UNITS

• The trend estimate for private sector other dwellings approved rose 1.0% in August 2006.
• The seasonally adjusted estimate for private sector other dwellings approved fell 36.9%, to 3,213, in August 2006. This follows rises of 16.1%, 14.9% and 14.1% in the previous three months.

VALUE OF BUILDING APPROVED

• The trend estimate for the value of total building approved fell 0.2% in August 2006. The value of new residential building rose 0.6% and the value of alterations and additions rose 0.3%. The trend for the value of non-residential building approved fell 1.3% in August 2006.
• The seasonally adjusted estimate for the value of total building approved fell 9.8%, to $4,944.6m, in August 2006. The value of new residential building approved fell 3.4%, to $2,625.7m. The value of alterations and additions fell 3.5%, to $449.6m. The value of non-residential building fell 18.6%, to $1,869.3m.