Financial News: Australia Building Approvals Rise 4.4% In September

Australia Building Approvals Rise 4.4% In September

11/06/2024 - 19:44:00 (RTTNews)

(RTTNews) - The total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 14,842.

That was in line with expectations following the 3.9 percent drop in August.

On a yearly basis, overall approvals climbed 6.8 percent.

Private sector houses rose 2.2 percent on month and 16.7 percent on year to 9,745, while private sector dwellings excluding houses rose 4.7 percent on month and fell 12.2 percent on year to 4,653.

The value of total residential building was flat at A$8.04 billion. The value of non-residential building rose 3.6 percent to A$5.57 billion.

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