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FINWIRES

Australia Dwelling Approvals Fall in April, Final ABS Data Shows

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Seasonally adjusted data revealed that the total number of dwellings approved in Australia fell 3.4% to 16,710 in April from 17,307 in the previous month, according to final figures released Wednesday by the Australian Bureau of Statistics (ABS).

The final figures were unchanged from the preliminary data.

Private sector housing approvals edged down 1% to 10,088 in April, while approvals for private sector dwellings excluding houses fell 3.6% to 6,403, according to the ABS data.

Meanwhile, the value of total non-residential building approvals rose 29.4% to AU$7.75 billion, and the value of total residential building approvals fell 0.3% to AU$10.89 billion.

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