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Dwelling approvals continue to weaken
Released 4 April 2011

ABS Building Approvals show that the total number of dwellings approved fell 7.4% in February 2011 after falling 11.6% in January.   

According to the ABS, Victoria dropped 23.1%, Queensland fell 11.8% and Western Australia slipped 7.4% while Tasmania, South Australia and New South Wales recorded increases of 44.6%, 35.8% and 7.7%.

Private sector houses approved rose 0.2% in February with rises in New South Wales of 7.4%, South Australia 4.8%, Queensland 1.1% and Western Australia 0.4% while Victoria fell 6.9%.

The value of total building approved rose 13.7% in February in seasonally adjusted terms. The value of total residential building fell by 2.9% while non-residential building rose by 59.3%.

Widespread flooding in the eastern states, particularly Queensland, and other recent natural disasters have not adversely affected participation by providers in the Building Approvals collection or the quality of estimates in this release.

However, the ABS said these events may have had an impact on the number of approved dwellings and the value of approved work in February 2011.