Houses Up Apartments Down the latest research shows

15 White Oak Drive, Shepherd Valley Qld 

15 White Oak Drive, Shepherd Valley, Qld Australia

HOUSES UP APARTMENTS DOWN

The home building see-saw continues, with approvals dropping again in May, according to data released this week by the Australian Bureau of Statistics.

 

The total number of dwellings approved fell 7.9 per cent seasonally adjusted following a fall of 0.3 per cent in the previous month.

This was due mainly to a drop in approvals for apartments or `other dwellings’, which fell 20.1 per cent following a rise of 7.9 per cent last month.
The seasonally adjusted estimate for private sector houses approved rose 0.7 per cent in May following a fall of 2.3 per cent in the previous month.

 


The seasonally adjusted estimate for private sector `other dwellings’ approved fell 20.1 per cent following a rise of 7.9 per cent last month.

The seasonally adjusted estimate for the value of total building approved fell 2.8 per cent in May following a fall of 20.7 per cent last month.

The seasonally adjusted estimate for the value of total residential building fell 2.7 per cent.

 

Quartile Research

 

 

About Port Douglas

Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
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