Turf QLD Industry Alert |ABS BUILDING APPROVALS –AUSTRALIA DECEMBER 2014

ABS BUILDING APPROVALS –AUSTRALIA DECEMBER 2014

Building approvals are an excellent gauge on potential future work in the residential sector for the turf industry.

NUMBER OF TOTAL DWELLING UNITS
The trend estimate for Australia rose 1.3% in December.

In seasonally adjusted terms the estimate fell 3.3% to 17,753 dwellings.

NUMBER OF PRIVATE SECTOR HOUSES
The trend estimate for private sector houses approved fell 0.2% in December.

In seasonally adjusted terms the estimate was flat to 9,314 houses.

NUMBER OF PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
The trend estimate for private sector dwelling units excluding houses rose 2.9% in December.

In seasonally adjusted terms the estimate fell 9.7% to 7,985 dwellings.

VALUE OF NEW RESIDENTIAL BUILDING
The trend estimate for the value of new residential building approved rose 0.7% in December and has risen for two months.

VALUE OF ALTERATIONS AND ADDITIONS TO RESIDENTIAL BUILDING
The trend estimate for the value of alterations and additions to residential building fell 0.4% in December and has fallen for three months.

VALUE OF NON-RESIDENTIAL BUILDING
The trend estimate for the value of non-residential building approved fell 0.7% in December and has fallen for four months.

QUEENSLAND ONLY

The trend estimate for total number of dwelling units approved in Queensland rose 0.8% in December after falling for three months.

The trend estimate for the number of private sector houses fell 0.1% in December and has fallen for two months.