{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationApprovals for multi-units dip in July
Approvals for multi-units dip in July
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
The Australian Bureau of Statistics today released its monthly building approvals data for July for detached houses and multi-units covering all states and territories.
“Total building approvals decreased by 8.1 per cent in the month of July, which was driven by a 19.9 per cent dip in multi-unit approvals. The decline in approvals for detached houses was far more modest, declining by only a 0.1 per cent in the month,” added Mr Devitt.
“The slower rate of decline for detached house approvals is a welcome development, as it follows a succession of material monthly declines since the interest rate tightening cycle began.
“Over the three months to July, detached house approvals are 16.2 per cent lower the same three-month period in 2022, while multi-unit approvals are 7.8 per cent lower.
“At these very low levels, monthly building approvals are bound to bounce and present a degree of volatility. It does not yet indicate a material change in market conditions which remain dampened.
“In context of the chronic shortage of housing there is a strong focus on improving the supply of new housing, however efforts to improve supply are yet to appear in the approvals data. The continued supply-demand imbalance has wide-ranging implications not only for the housing market but for the wider economy,” concluded Mr Devitt.
In seasonally adjusted terms, decreases were led by Victoria (-18.3 per cent), followed by Queensland (-5.5 per cent), Western Australia (-5.2 per cent), New South Wales (-4.7 per cent) and South Australia (-2.6 per cent). In original terms, the Northern Territory saw a decline of 26.3 per cent. Tasmania (+47.8 per cent) and the Australian Capital Territory (+52.6 per cent) saw monthly increases.
Building Approvals - Australia
For more information please contact:
Queensland needs the workforce to match its investment ambitions
Queensland’s growing pipeline of major projects is putting an increasing premium on skilled construction workers, and workforce planning must keep pace if the state is to deliver the new homes it desperately needs, HIA Executive Director Queensland Michael Roberts said today.
Stop the dividends: Councils broke Tasmania's water system
$120 million already paid to councils, and counting, while TasWater slugs homebuyers on empty blocks
More tradies are needed to build homes for North Queenslanders
North Queensland’s ability to build more homes will increasingly depend on winning the battle for skilled tradies, with housing competing against infrastructure, energy and emerging industries for an already stretched workforce, according to a new report from the Housing Industry Association (HIA).
Local government candidate shortfall highlights need for council amalgamations
Two Tasmanian councils received too few nominations to fill available councillor positions this week, following the close of nominations for local government elections. The Housing Industry Association (HIA) says the result highlights the need for serious local government reform, including forced council amalgamations.