“Australian Dwelling Approvals Surge in May, Led by Western Australia”

Australia, Police

Article: The Australian housing market continues to show signs of growth, as the total number of dwellings approved for construction rose by 5.

May, according to the latest data from the Australian Bureau of Statistics (ABS).

This follows a 1.

April, indicating a strong trend towards increased housing development.

Daniel Rossi, head of construction statistics at the ABS, attributed the rise to a significant increase in approvals for private sector dwellings excluding houses, which rose by 16.

Private sector house approvals also saw a modest increase of 2.

The rise in approvals was seen across all states, with Western Australia leading the pack, up 19.

Victoria and Queensland also saw significant rises of 8.

South Australia, Tasmania and New South Wales saw more modest increases.

The value of total building approved also rose by 0.

However, the value of non-residential building approved fell by 1.

This latest data suggests that the Australian housing market is continuing to recover from the impacts of the pandemic, with strong growth in approvals for new residential construction.

However, the decline in non-residential building approvals may indicate ongoing challenges in the commercial construction sector.