High-density apartments drove an almost 17 percent turnaround in building approvals across the country in July, despite Queensland’s numbers going backward.
The latest Australian Bureau of Statistics (ABS) data, released today, showed the total number of dwellings approved in Australis rose by 10.4 percent in July, to 14,797, after a 6.4 percent June decrease.
ABS Head of Construction Statistics Daniel Rossi said private dwellings, excluding houses, rose 32.1 percent after a low June result.
Mr Rossi said private sector house approvals also rose by 0.6 percent.
“Despite the bounce in July, total dwellings approved remain 5.1 percent lower than the five year average.”
He said the private sector housing approvals lift, was driven by an 8.5 percent rise in New South Wales in July, with approvals across the remaining states mixed.
“Queensland and Victoria fell after both states rose in June, while South Australia and Western Australia continued to track upwards.”
He said private house approvals in Western Australia reached the highest level since July 2021, in seasonally adjusted terms.
Mr Rossi said the 32.1 percent rise in approvals for private sector dwellings, excluding houses, amounted to 5234 dwellings, which was 15.9 percent higher than one year ago and followed a low June result of 3963 dwellings approved.
“The result in July was driven by an increase in approvals for high-density apartments. There were 2504 apartments approved in nine or more storey blocks in July, in original terms, compared to 533 in June.”
