Housing market: Building approvals - dwellings approved
The number of dwellings approved for building demonstrates trends in the housing market supply over time.
The Australian Bureau of Statistics (ABS) publication Building Approvals, Australia reports the number of dwellings approved by dwelling type and sector. A dwelling is defined as a self-contained suite of rooms, including cooking and bathing facilities, intended for long-term residential use. The monthly publication presents details of building work approved including construction; alterations and additions; approved non-structural renovation and refurbishment work; and approved installation of integral building features. Construction activity not defined as buildings or dwellings (e.g. roads, bridges, railways, earthworks, etc.) is excluded. From July 1990, the statistics include all approved residential building valued at $10,000 or more and all approved non-residential building valued at $50,000 or more. Estimates in the publication are rounded.
The ABS is currently monitoring for potential impacts from the Coronavirus (COVID-19) on building approval activity statistics and will continue to do so for the period of the pandemic. The significant and wide-ranging impacts of COVID-19 on the Australian economy are expected to disrupt normal patterns of building approvals to the extent that trend calculations, which require time to adjust for trend shifts of this magnitude, would likely provide an inaccurate view of underlying activity. The ABS has therefore suspended trend series in this publication as of May 2020. These series will be reinstated once the underlying changes in the pattern of building approval activity become clearer. The data presented in the Building approvals - dwellings approved dashboard menu option consequently reflects these changes.
Building Approvals, Australia data are also used in the following dashboard menu options: Building approvals - Local Government Area, Building approvals - new residential dwellings and Building approvals - value of buildings.
See ABS 8731.0 – Building Approvals, Australia (http://www.abs.gov.au/ausstats/[email protected]/mf/8731.0) for further information, including in-depth commentary and analysis, in particular the source data Quality Declaration. Source reference tables 01–06.