Blog

Building Approval Statistics For Australia – April 2010

Jun 2, 2010 | Property Market

ABS Building Approvals – April 2010 Key Points

TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved was flat in April 2010 following rises in the previous 14 months.
  • The seasonally adjusted estimate for total dwellings approved fell 14.8% following a rise last month.

PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved fell 2.0% in April and is now showing falls for four months.
  • The seasonally adjusted estimate for private sector houses approved fell 13.5% following a rise last month.

PRIVATE SECTOR OTHER DWELLING UNITS

  • The trend estimate for private sector other dwellings approved rose 5.0% in April and has risen for ten months.
  • The seasonally adjusted estimate for private sector other dwellings approved fell 5.4% following a rise last month.

VALUE OF BUILDING APPROVED

  • The trend estimate for the value of total building approved fell 1.0% in April and is now showing falls for three months. The trend estimates for the value of building approved should be interpreted with caution.
  • The seasonally adjusted estimate for the value of total building approved fell 13.3% in April. The seasonally adjusted estimate for the value of new residential building fell 4.6% while the value of residential alterations and additions fell 8.4%. The seasonally adjusted estimate for the value of non-residential building fell 28.5%.

Recent Blogs

Navigating the Australian Property Market as a New Investor

Navigating the Australian Property Market as a New Investor

I’ve had the pleasure of assisting many clients in taking their first steps into property investment. One common concern I often come across is the challenge of saving up for a deposit. The good news is there are alternative paths, especially if you’ve been a property owner for some time. The equity in your existing property can serve as a valuable resource for your initial investment, potentially allowing you to enter the market without using your savings.

read more