QTPA Member Alert | ABS Building Approvals, Australia, October 2012 (6/12/2012)

ABS Building Approvals, Australia, October 2012

OCTOBER KEY FIGURES

		Oct 12	Sep 12 to Oct 12	Oct 11 to Oct 12
		no.	% change	% change

TREND
	Total dwelling units approved	12 726	-0.3	6.2
	Private sector houses	7 556	0.9	1.2
	Private sector dwellings excluding houses	4 962	-2.4	16.1
SEASONALLY ADJUSTED
	Total dwelling units approved	12 540	-7.6	14.5
	Private sector houses	7 451	-1.5	4.6
	Private sector dwellings excluding houses	4 817	-18.0	32.7

Dwelling units approved

Private sector houses approved

OCTOBER 2012 KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved fell 0.3% in October and has fallen for two months.
The seasonally adjusted estimate for total dwellings approved fell 7.6% in October after rising for two months.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved rose 0.9% in October and has risen for five months.
The seasonally adjusted estimate for private sector houses fell 1.5% in October following a rise of 2.0% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses fell 2.4% in October and has fallen for three months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 18.0% in October following rises of 21.4% and 29.4% in September and August respectively.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved fell 2.4% in October and has fallen for five months. The value of residential building rose 0.4% and has risen for nine months. The value of non-residential building fell 7.6% and has fallen for five months.
The seasonally adjusted estimate of the value of total building approved fell 6.7% in October after rising for two months. The value of residential building fell 12.9% after rising for two months. The value of non-residential building rose 6.7% following a fall of 11.9% in the previous month.

Jim Vaughan, CEO