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{{propApi.successMessage}} {{region}} Change locationBuilding approvals strengthen in November
Building approvals strengthen in November
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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).
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Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.