Building Approvals (ABS Cat No 8731.

0)
Latest month: January 2018
Release date: 5 March 2018 Table 1: Growth in number of dwelling unit
Next release date: 4 April 2018 approvals by jurisdiction, January 2018, trend
data
A dwelling unit in this data release refers to a
self-contained suite of rooms, including cooking and Trend data % change from
bathing facilities, and is intended for long-term previous % change from
residential use. Units (whether self-contained or month previous year
not) within buildings offering institutional care, such NSW -2.3 -3.4
as hospitals, or temporary accommodation, such as
Vic 2.6 23.8
motels, hostels and holiday apartments, are not
Qld 1.1 9.1
defined as dwelling units.
SA -3.2 1.1
A building in this data release refers to a fixed,
permanent structure that is intended primarily to WA 0.4 -2.4
house people, plant, machinery, vehicles, goods or Tas 1.9 42.9
livestock. NT -8.2 -40.8
Dwelling approvals ACT -32.7 -67.9
The trend number of Tasmanian dwelling unit Aus 0.1 6.9
approvals in January 2018 was estimated to have SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 6, 7
increased by 1.9 per cent (or five approvals) from Chart 1: Number of dwelling unit approvals,
the previous month. Nationally, the number of Tasmania and Australia, trend data
estimated dwelling approvals increased by
0.1 per cent in the same period (Table 1). 175

The trend number of Tasmanian dwelling unit

Index: June 2012 = 100,

150
approvals in January 2018 was estimated to be
42.9 per cent above the level of one year earlier. 125
trend data

Nationally, the number of dwelling approvals was 100

6.9 per cent above the level of one year earlier.
75 Tasmania
In Tasmania, following a peak in April 2015, the Australia
estimated number of dwelling unit approvals 50
experienced a period of decline through to Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18

mid-2016. The number of dwelling approvals has
been recovering since late 2016 (Chart 1) and now
exceeds the April 2015 peak.
Residential building approvals
Following a steady increase from early 2014 to late
2015, the estimated year-average nominal value of
SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 6, 7
Chart 2: Value of residential building approvals,
Tasmania and Australia, nominal original data
175
12-mth moving average,

150
nominal original data
Index: 2011-12 = 100,

residential building approvals eased through to

125
early 2017, but has improved over recent months
(Chart 2), and is now at a similar level as at the late 100
2015 peak. Tasmania
75 Australia
In Tasmania, the nominal value of residential
building approvals in the year to January 2018 was 50
20.9 per cent higher than the level one year earlier. Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18
SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 42, 48
Nationally, the nominal value of residential building
approvals in the year to January 2018 was
2.1 per cent higher than the level one year earlier.

Department of Treasury and Finance

Building Approvals (ABS Cat No 8731.0)
Latest month: January 2018

Non-residential building approvals Chart 3: Value of non-residential building

In the year to January 2018, the value of Tasmanian approvals, Tasmania and Australia, nominal
non-residential building approvals increased by original data
175
8.6 per cent compared to the previous year Tasmania
(Chart 3).

12-mth moving average,

150 Australia

nominal original data

Index: 2011-12 = 100,
Nationally, the value of non-residential building 125
approvals was estimated to be 19.4 per cent above
the level recorded in the previous year. 100

75

50
Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18

SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 42, 48

Table 2: Dwelling approvals and building approvals, Tasmania and Australia

Tasmania Australia
Jan 17 Nov 17 Dec 17 Jan 18 Jan 17 Nov 17 Dec 17 Jan 18
Dwelling Approvals (number)
Trend 189 258 265 270 17 665 18 924 18 870 18 881
% change from previous month 4.4 3.6 2.7 1.9 -0.1 -0.2 -0.3 0.1
% change from 12 months before -8.3 48.3 46.4 42.9 -10.9 5.7 6.8 6.9
Seasonally Adjusted 198 264 261 266 17 723 21 344 16 957 19 851
% change from 12 months before -2.0 71.4 32.5 34.3 -8.3 19.6 -5.0 12.0
Original
Total year to 2 156 2 591 2 639 2 699 232 970 223 645 222 288 224 335
Annual % change -21.8 19.0 22.3 25.2 -2.3 -5.3 -5.2 -3.7
Public Sector, original
Total year to 5 105 110 117 3 023 2 813 2 835 2 919
Annual % change -28.6 2 000.0 2 100.0 2 240.0 -20.0 -12.0 -10.3 -3.4
Private Sector, original
Total year to 2 151 2 486 2 529 2 582 229 947 220 832 219 453 221 416
Annual % change -21.8 14.4 17.5 20.0 -2.0 -5.2 -5.1 -3.7
Building Approvals ($million, nominal original)
Total Value
Total year to 1 112 1 265 1 255 1 289 115 596 122 965 123 695 124 911
Annual % change -16.2 7.4 6.4 15.9 8.1 5.7 7.0 8.1
Residential Value
Total year to 660 771 781 798 75 622 76 590 76 525 77 183
Annual % change -15.1 15.3 17.4 20.9 3.3 0.9 1.5 2.1
Non-Residential Value
Total year to 452 495 474 491 39 974 46 375 47 170 47 728
Annual % change -17.7 -3.0 -7.8 8.6 18.6 14.8 17.4 19.4
SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 6, 7, 11, 17, 42, 48

This Data Release is not to be reproduced or altered without the permission of the Economic Analysis Unit.

Contact Details
Economic Analysis Unit
Economic.Analysis@treasury.tas.gov.au