{{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 locationBuilding approvals fall a further 1 per cent in January
Building approvals fall a further 1 per cent in January
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
The Australian Bureau of Statistics today released its monthly building approvals data for January 2024 for detached houses and multi-units covering all states and territories.
“Detached home building approvals fell by 9.6 per cent in the month of January 2024. This decline leaves approvals 5.3 per cent lower in the three-month period to January compared to the previous year,” added Mr Reardon.
“Multi-unit approvals have increased by 14.5 per cent in January from very low volumes in the previous month. The three-month period to January saw multi-unit approvals decline by 15.4 per cent compared to the previous year.
“The low volume of building approvals throughout 2023 will see the volume of homes commencing construction continue to slow this year. The rise in the cash rate is the primary cause of this slowdown in approvals.
“Approvals have declined across all jurisdictions, however, there is an increasing divergence among the jurisdictions as the rise in the cash rate falls disproportionately on those markets with higher land costs,” concluded Mr Reardon.
In seasonally adjusted terms, dwelling approvals in the three months to January increased only in Western Australia, up by 26.4 per cent compared to the previous year. Other jurisdictions saw declines in approvals, led by Tasmania (-29.8 per cent), followed by the Northern Territory (-26.0 per cent), New South Wales (-17.6 per cent), South Australia (-13.4 per cent), Victoria (-12.2 per cent) Queensland (-10.0 per cent), and the Australian Capital Territory (-3.9 per cent).
Monthly Building Approvals - Australia, 3 Month rolling average
For more information please contact:
Home builders left in limbo over apprentice funding
Despite the nation falling behind in its housing targets, the Federal Government has left apprentices and employers in limbo with uncertainty of funding beyond Christmas, says the Housing Industry Association (HIA).
Renovators and investors boost home building activity
“Home renovation activity nears record high, boosted by rising home prices and low unemployment,” stated Tim Reardon, HIA Chief Economist.
Passage of the Planning Systems Reforms Bill is great news for the housing industry
“Today is a great day for the housing industry in NSW with passage of the Planning System Reforms Bill 2025 through parliament,” said Brad Armitage, HIA NSW Executive Director.
Confirm your DBI eligibility. Don’t wait, act now
Starting 1 July 2026, domestic building insurance (DBI) will only be available through the Building and Plumbing Commission (BPC), which has replaced the VMIA in providing this product.