Property Investment boom - Australia

Building Approvals, Australia, Sep 2017

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TOTAL DWELLING UNITS

The trend estimate for total dwellings approved rose 1.8% in September and has risen for eight months.

The seasonally adjusted estimate for total dwellings approved rose 1.5% in September and has risen for two months.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved rose 0.7% in September and has risen for seven months.

The seasonally adjusted estimate for private sector houses rose 0.6% in September following a fall of 0.8% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses rose 3.2% in September and has risen for four months.

The seasonally adjusted estimate for private sector dwellings excluding houses rose 2.6% in September and has risen for two months

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved rose 1.3% in September and has risen for nine months. The value of residential building rose 1.5% and has risen for five months. The value of non-residential building rose 1.0% and has risen for eight months.

The seasonally adjusted estimate of the value of total building approved rose 8.3% in September after falling for two months. The value of residential building rose 0.1% and has risen for two months. The value of non-residential building rose 22.4% following a fall of 10.9% in the previous month.

(Source: Australian Bureau of Statistics )