Australian Dwelling Approvals Fall in August, Final ABS Data Shows
MT Newswires Live
Yesterday
The total number of dwellings approved in Australia fell 6.1% to 16,953 in August in seasonally adjusted terms, according to final figures released Wednesday by the Australian Bureau of Statistics (ABS).
The total dwelling units approved saw an over 10% increase compared with last year.
The final figures were unchanged from the preliminary data.
Private sector houses rose 3.7% to 10,885, while private sector dwellings, excluding houses, fell past 21% to 5,674.
The value of total residential building fell 0.6% in August to AU$11.3 billion, while the value of total non-residential building fell nearly 45% to AU$5.53 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.