According to the Australian Bureau of Statistics (ABS), the total number of new houses and apartments approved in December last year increased to 19,537 for the sixth consecutive month, an increase of nearly 11% from November and an increase of 23% from the same period last year.
ABS’s seasonally adjusted data show that the number of private sector housing approvals increased by 15.8%, a record high. Except for House, the number of private sector housing approvals only increased by 2.3%. Among them, South Australia, Victoria and New South Wales increased by 33.6%, 17.2% and 16.2% respectively. The total value of approved buildings increased by 4.9%, of which the value of new residential buildings rose by 1.4% and the value of non-residential buildings rose by 10.1%.
