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ABS: Private sector house approvals fall in July By 0.7%

Figures from the Australian Bureau of Statistics (ABS) show Building Approvals number of dwellings approved fell 0.7 per cent in July 2015, in trend terms, and has fallen for five months.

Dwelling approvals have decreased in Tasmania by 5.6 per cent, Victoria by 3.1 per cent, South Australia by 2.1 per cent, Western Australia by 1.8 per cent and Queensland by 0.8 per cent but increased in the Northern Territory by 7.3 per cent, Australian Capital Territory by 4.4 per cent and New South Wales by 1.9 per cent in trend terms.

In trend terms, approvals for private sector houses fell 0.5 per cent in July. Private sector house approvals fell in Western Australia (2.3 per cent), Victoria (1.5 per cent) and South Australia (1.4 per cent) but rose in Queensland (1.2 per cent) and New South Wales (0.8 per cent).

The value of total building approved rose 0.6 per cent in July, in trend terms, and has risen for three months. The value of residential building fell 0.4 per cent while non-residential building rose 2.9 per cent in trend terms.

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