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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).
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.
The Housing Industry Association (HIA) is calling on Treasurer Jim Chalmers to put housing at the centre of the upcoming Economic Reform Roundtable.