{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Economic research and forecasting Economics Housing outlook Tailored market research Economic reports and data Inspiring Australia's building professionals HOUSING The only place to get your industry news Media releases Member alerts Submissions See all
Business support
Business support $vuetify.icons.faArrowRight
Become an apprentice host Hire an apprentice Why host a HIA apprentice? Apprentice partner program Builder and manufacturer program Industry insurance Construction legal expenses insurance Construction works insurance Home warranty insurance Tradies and tool insurance Planning and safety services Building and planning services How can HIA Safety help you? Independent site inspections Solutions for your business Contracts Online HIA Tradepass HIA SafeScan HR Docs Trusted legal support Legal advice and guidance Professional services Industrial relations
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right Building codes Australian standards Getting it right on site See all Building materials and products Concrete, bricks and walls Getting products approved Use the right products for the job See all Managing your business Dealing with contracts Handling disputes Managing your employees See all Managing your safety Falls from heights Safety rules Working with silica See all Building your business Growing your business Maintaining your business See all Other subjects COVID-19 Getting approval to build Sustainable homes
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career Become an apprentice Apprenticeships on offer Hear what our apprentices say Advice for parents and guardians Study with us Find a course Get your builder's licence Learn with HIA
HIA community
HIA community $vuetify.icons.faArrowRight
Join HIA Sign me up How do I become a member? What's in it for me? Get involved Become an award judge Join a committee Partner with us Get to know us Our members Our people Our partners Mates rates What we do Mental health program Charitable Foundation GreenSmart
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards Australian Housing Awards Awards program National Conference Industry networking Events
HIA products
HIA products $vuetify.icons.faArrowRight
Shop @ HIA Digital Australian Standards Contracts Online Shipping and delivery Purchasing terms & conditions Products Building codes and standards Hard copy contracts Guides and manuals Safety and signage See all
About Contact Newsroom
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Change location
{{propApi.text}} {{region}} Change location
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

Building approvals fell 3.1 per cent in March

Media release

Building approvals fell 3.1 per cent in March

Media release
Building approvals for detached homes declined by 3.1 per cent in March after the strong performance in the previous month.

The Australian Bureau of Statistics today released its monthly building approvals data for March for detached houses and multi-units covering all states and territories.

“Despite the decline in March and the weak performance in January during the holidays and the Omicron outbreak, detached home approvals for the first three months of 2022 were still 9.0 per cent higher than the equivalent pre-pandemic quarter,” added Mr Devitt.

“This continues to reflect the strong ongoing demand for housing in the first quarter of 2022, albeit at levels below those observed over the past two years.

“Multi-unit approvals declined by 37.7 per cent in March to be down by 9.9 per cent in the last three months compared to the equivalent pre-pandemic quarter.

“Affordability issues, land constraints and a return of overseas migrants, students and tourists will help support demand for units, townhouses and apartments.

“The value of renovations approved also remained elevated, with the last three months sitting 31.5 per cent above the equivalent pre-pandemic quarter.

“The impact of this week’s rise in the cash rate on building approvals could take more than six months to emerge in this data set. 

“The shortage of rental accommodation remains the key driver for demand for new homes in this cycle. 

“The existing pipeline of work will keep builders busy this year and well into next year, limited by the availability of land, labour and materials,” concluded Mr Devitt.

In seasonally adjusted terms, total residential building approvals decreased in the last three months compared to the previous quarter in most jurisdictions, including Western Australia (-20.4 per cent), South Australia (-16.2 per cent), Victoria (-7.6 per cent), and Queensland (-4.9 per cent), while New South Wales saw an increase (+1.5 per cent). In original terms, approvals decreased in the Australian Capital Territory (-21.4 per cent) and Tasmania (-7.4 per cent) and increased in the Northern Territory (+122.0 per cent). 

Monthly Building Approvals - Australia Source: ABS8731

For more information:

Thomas Devitt


Tim Reardon

Chief Economist
Latest articles
View all news $vuetify.icons.faArrowRight
24 May
Home building to remain at capacity for the next year

Rising interest rates can cause building commencements to slow within six months, but in this cycle, the lag will be significantly longer.

24 May
Home building in Victoria to remain at capacity for the next year

“Rising interest rates can cause building commencements to slow within six months, but in this cycle, the lag will be significantly longer,” stated HIA Regional Executive Director, Fiona Nield.

24 May
How to write a Safe Work Method Statement (SWMS)

A SWMS is a document that sets out the High risk construction work (HRCW) activities to be carried out at a workplace, the hazards arising from these activities and the measures to be put in place to control the risks to health and safety.

24 May
Designing pavements to avoid cracking

Using AS 3727.1 will minimise any potential pavement cracking and movement and your pavement is fit for purposed.