Apartment Approvals Surge Offset House Decline In October

The total number of dwellings approved rose 4.2 per cent in October to 15,498, following a 5.8 per cent increase in September, according to seasonally adjusted data released today by the Australian Bureau of Statistics (ABS).

Daniel Rossi, ABS head of construction statistics, said: "The overall rise this month was driven by an increase in apartment developments approved in New South Wales and Victoria, with private dwellings excluding houses rising 24.8 per cent.

"Meanwhile, private sector house approvals fell by 5.2 per cent in October, after reaching a two-year high in September."

Dwelling units approved, by building type, seasonally adjusted
Total dwellingsPrivate sector housesPrivate sector dwellings excluding houses
Oct-0913,6369,9192,952
Nov-0915,0119,9113,586
Dec-0915,1359,9973,629
Jan-1015,0189,9863,256
Feb-1015,5169,9873,526
Mar-1016,8519,9354,636
Apr-1015,9959,5524,792
May-1015,0809,3014,474
Jun-1014,5019,1204,595
Jul-1015,4548,9035,507
Aug-1015,1708,6945,431
Sep-1013,6518,4964,444
Oct-1015,4518,5646,213
Nov-1014,2058,3895,199
Dec-1014,8738,4805,678
Jan-1113,2598,3434,584
Feb-1112,9828,2964,346
Mar-1113,9708,1895,313
Apr-1113,9148,1455,515
May-1112,8228,0154,517
Jun-1112,6998,0114,318
Jul-1113,1707,6584,989
Aug-1114,7617,7736,570
Sep-1112,3467,7724,328
Oct-1111,4387,2783,959
Nov-1111,7027,6173,872
Dec-1111,7447,6843,923
Jan-1211,2537,7983,242
Feb-1211,7047,3614,187
Mar-1211,7717,5104,081
Apr-1210,9846,8294,054
May-1213,9827,3056,545
Jun-1214,9777,2697,491
Jul-1211,8057,6783,875
Aug-1213,2067,7015,372
Sep-1215,4377,9367,332
Oct-1214,1427,8275,848
Nov-1213,9567,7145,996
Dec-1214,0117,7616,040
Jan-1312,6477,8164,641
Feb-1313,8097,7745,380
Mar-1313,3167,9615,119
Apr-1315,0698,1556,607
May-1314,2938,3735,429
Jun-1313,8328,2675,179
Jul-1315,1108,5416,233
Aug-1314,9198,4156,314
Sep-1318,5788,6789,627
Oct-1317,5108,7268,522
Nov-1317,2969,2397,764
Dec-1317,0239,0557,711
Jan-1417,66610,1997,162
Feb-1416,9079,7466,945
Mar-1416,0569,3936,406
Apr-1416,3009,7686,175
May-1416,8129,7886,797
Jun-1416,7369,6556,751
Jul-1416,9859,7876,955
Aug-1418,5659,6818,630
Sep-1416,4959,5476,714
Oct-1418,0019,8567,956
Nov-1420,3109,84810,243
Dec-1420,1299,7209,963
Jan-1519,8719,9419,606
Feb-1519,8059,7119,748
Mar-1520,8369,63510,880
Apr-1518,9679,5359,115
May-1520,8229,54610,987
Jun-1519,4629,9069,212
Jul-1519,7029,7409,060
Aug-1519,40210,0829,163
Sep-1520,2569,81910,167
Oct-1521,5949,74211,616
Nov-1518,7889,6499,059
Dec-1520,13310,2859,680
Jan-1618,7249,8138,621
Feb-1619,8859,8269,705
Mar-1620,59810,25810,133
Apr-1620,8209,99410,625
May-1620,31910,0569,954
Jun-1618,6719,6838,788
Jul-1621,4249,56611,603
Aug-1621,8669,68711,783
Sep-1619,3349,7919,376
Oct-1616,5399,5556,676
Nov-1618,3079,6318,426
Dec-1618,4499,4078,900
Jan-1717,0479,2067,646
Feb-1719,0499,4379,375
Mar-1716,4339,2686,940
Apr-1718,2089,4888,506
May-1716,9419,8506,930
Jun-1718,8559,9598,682
Jul-1719,30010,2098,622
Aug-1719,34310,2518,912
Sep-1719,70710,0819,380
Oct-1719,65610,1499,184
Nov-1723,03010,09012,778
Dec-1717,91310,1567,600
Jan-1819,3229,8879,164
Feb-1819,22410,2738,642
Mar-1819,76010,4419,164
Apr-1818,39710,5927,608
May-1817,93610,0407,737
Jun-1819,62710,1979,102
Jul-1818,57710,1558,158
Aug-1816,3719,8936,329
Sep-1816,8069,6306,861
Oct-1817,06010,0466,838
Nov-1815,2019,3675,707
Dec-1814,2879,0725,085
Jan-1914,5879,3865,006
Feb-1916,6108,9287,577
Mar-1915,1178,4636,436
Apr-1914,4028,6175,652
May-1914,4448,8335,388
Jun-1915,0298,8785,769
Jul-1913,4878,6214,561
Aug-1913,8448,4575,270
Sep-1914,7458,7795,819
Oct-1914,2378,2695,757
Nov-1914,9348,4536,304
Dec-1916,0688,6797,209
Jan-2013,4158,6344,636
Feb-2016,3058,6967,433
Mar-2015,4118,5756,628
Apr-2014,8718,7995,683
May-2013,4008,8354,269
Jun-2012,9678,4324,152
Jul-2015,1989,2145,654
Aug-2014,3429,4354,731
Sep-2016,09710,5795,148
Oct-2017,43911,1715,932
Nov-2017,78111,4895,959
Dec-2019,26313,2875,731
Jan-2117,10012,0794,684
Feb-2119,98613,9315,654
Mar-2122,76514,0568,262
Apr-2120,19313,5066,433
May-2120,62013,6616,700
Jun-2119,68812,5266,745
Jul-2118,37011,9676,114
Aug-2118,94011,6956,984
Sep-2118,47310,5047,766
Oct-2115,97810,3955,270
Nov-2116,44810,3605,879
Dec-2117,1349,9486,921
Jan-2213,2668,6674,367
Feb-2218,7609,8217,657
Mar-2215,0979,7775,026
Apr-2215,4249,7775,499
May-2216,5549,6986,526
Jun-2216,6009,7256,417
Jul-2214,4089,8744,312
Aug-2217,3219,9757,071
Sep-2217,1189,5807,356
Oct-2215,2029,2775,748
Nov-2214,9759,0635,575
Dec-2217,4298,8617,969
Jan-2312,2327,8524,221
Feb-2313,5848,7044,655
Mar-2313,1548,3314,603
Apr-2312,8218,2354,389
May-2315,1888,1806,804
Jun-2313,9608,2195,205
Jul-2312,8908,1114,526
Aug-2313,3938,6054,598
Sep-2313,9248,3975,292
Oct-2314,6048,9795,470
Nov-2314,5758,6805,713
Dec-2313,6668,8304,539
Jan-2412,8877,6784,989
Feb-2413,2048,8823,973
Mar-2413,3269,0234,145
Apr-2413,5979,0084,293
May-2414,3129,2034,938
Jun-2413,3429,1623,939
Jul-2414,8409,2595,224
Aug-2414,0489,3124,491
Sep-2414,8699,6974,694
Oct-2415,4989,1915,859
Private house approvals down across most states

Private sector house approvals fell 5.2 per cent, to 9,191 dwellings, following a 4.1 per cent rise in September. Despite the fall, private sector houses remain 2.4 per cent higher than a year ago.

South Australia was the only state to see growth in October, with a 1.0 per cent rise. The 905 private sector houses approved was the highest result for South Australia since August 2021.

Private dwellings excluding houses see strong rise

Private sector dwellings excluding houses rose 24.8 per cent, to 5,859 dwellings, which was 7.1 per cent higher than a year ago.

The October result was driven by a rise in approvals for high-rise apartments, primarily in New South Wales and Victoria. In nine or more storey blocks, 2,782 apartments were approved in October, compared to 1,815 in September (in original terms). This was the most high-rise apartments approved since January this year.

Dwellings approved, by state, seasonally adjusted (a)
Private sector housesTotal dwelling units approved
New South Wales1,8233,939
Victoria2,6595,282
Queensland1,9503,001
South Australia9051,129
Western Australia1,5601,776

(a) Seasonally adjusted estimates are not published for NT and ACT for all dwelling types. Private sector houses are not published for Tasmania.

Non-residential approvals drive fall in value

The value of total building approved fell 3.7 per cent ($13.21 billion), following a 1.2 per cent rise in September.

The value of approved non-residential building dropped 13.4 per cent ($4.89 billion), following a 3.7 per cent September rise.

Total residential building value rose 3.2 per cent ($8.33 billion), made up of a 4.4 per cent rise in the value of new residential building approved ($7.21 billion) and a 4.2 per cent fall in alterations and additions ($1.12 billion), in seasonally adjusted terms.

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