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The Australian Bureau of Statistics today released its monthly building approvals data for detached and multi-units covering all states and territories.
“Approvals for detached homes in November 2021 were the strongest since February 2000, excluding the HomeBuilder surge in 2020/21. Detached approvals remain elevated in all jurisdictions.
“This boom in detached home building is set to be sustained well into 2023.
“Multi-unit approvals have been recovering from the adverse impact of COVID-19 and continued to increase in November with a 7.5 per cent increase in the month. This leaves multi-unit approvals for the three months to November also 7.5 per cent higher than for the same period the previous year.
“This is an encouraging sign that apartment construction will return prior to the return of overseas migration.
“The value of renovations approved also remains elevated. The last 12 months has seen the value of renovations approved increase by 35.7 per cent on the previous year.
“All indications continue to demonstrate that demand for building services and materials will remain elevated in all regions throughout 2022 and well into 2023,” concluded Mr Reardon.
In seasonally adjusted terms, total residential building approvals increased in November 2021 compared to the previous month in most states. Tasmania led the pack (+40.8 per cent), Queensland (+20.0 per cent), followed by South Australia (+14.5 per cent) and Victoria (+8.9 per cent). New South Wales had the largest decline (-18.4 per cent) reflecting volatility in the multi-unit approvals, Western Australia also declined marginally (-1.1 per cent). In original terms, building approvals increased in the Australian Capital Territory (+18.9 per cent) and the Northern Territory (86.4 per cent).
The Victorian Government has introduced the Labour Hire Legislation Amendment (Licensing) Bill 2025 (the Bill) into parliament. It amends the Labour Hire Licensing Act 2018 to address concerns about criminality in the construction sector.
“Sales of new homes for construction jumped 25.9 per cent in September following a series of policy changes, including a cut to the cash rate in August, removal of Lenders Mortgage Insurance and easing in planning restrictions,” stated HIA Chief Economist, Tim Reardon.
“Victoria commenced construction on just 7,650 new detached houses in the June quarter 2025, the weakest quarter for the state in almost 12 years and a new low for this cycle,” stated HIA Executive Director Victoria, Keith Ryan.
The Victorian Government has introduced the State Taxation Further Amendment Bill 2025 into Parliament. This Bill includes a number of tax changes, including the much discussed congestion levy changes.