Total Number of Dwelling Approvals in Australia Rises in February
MT Newswires Live
Apr 01
Seasonally adjusted data revealed that the total number of dwellings approved in Australia rose 29.7% to 19,022 in February from 14,669 in the previous month, figures from the Australian Bureau of Statistics showed on Wednesday.
Private sector housing approvals inched up 0.2% to 9,847 in February, while approvals for private sector dwellings excluding houses rose 101.2% to 8,922, according to the ABS data.
Meanwhile, the value of total non-residential building approvals fell 4.4% to AU$7.93 billion, and the value of total residential building approvals rose 30.8% to AU$12.5 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.