QTPA Member Alert | ABS Building Approvals, Australia, June 2012 (31/7/2012)

ABS Building Approvals, Australia, June 2012

Some encouraging news for once off a low base.

JUNE 2012 KEY FIGURES

			Jun 12	May 12 to Jun 12	Jun 11 to Jun 12
			no.	% change	% change

TREND
	Total dwelling units approved		12 840	3.1	0.7
	Private sector houses		7 050	-0.6	-9.1
	Private sector dwellings excluding houses		5 655	8.2	22.3
SEASONALLY ADJUSTED
	Total dwelling units approved		13 336	-2.5	10.2
	Private sector houses		7 129	-1.1	-7.7
	Private sector dwellings excluding houses		6 052	-4.5	49.5

Dwelling units approved		Private sector houses approved

JUNE KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved rose 3.1% in June and has risen for 5 months.
The seasonally adjusted estimate for total dwellings approved fell 2.5% in June following a rise of 27.0% in the previous month.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved fell 0.6% in June and has fallen for 30 months.
The seasonally adjusted estimate for private sector houses fell 1.1% in June following a rise of 7.3% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses rose 8.2% in June and has risen for 6 months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 4.5% in June after rising for 2 months.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved rose 3.2% in June and has risen for 5 months. The value of residential building rose 2.8% and has risen for 5 months. The value of non-residential building rose 3.9% and has risen for 5 months.
The seasonally adjusted estimate of the value of total building approved fell 9.8% in June after rising for 2 months. The value of residential building rose 0.2% and has risen for 2 months. The value of non-residential building fell 22.3% after rising for 2 months.

Jim Vaughan

Chief Executive Officer