Total Approved Dwellings in Australia Declines in March

MT Newswires Live
05-13

Total approved dwellings fell 8.8% to 15,220 in seasonally adjusted terms in March, after falling 0.2% in February, according to data from the Australian Bureau of Statistics.

Approvals for total dwellings decreased in most states, including Tasmania, Victoria, Western Australia, and South Australia.

Private sector houses slid 4.5% to 8,804, while private sector dwellings, excluding houses, fell 15.1% to 6,104.

The total approved building value rose 9.4% to AU$15.59 billion. The total residential building value decreased 7.6% to AU$8.98 billion, while the non-residential building value increased by 46% to AU$6.61 billion.

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