New private dwellings down by 300

PRIVATE dwelling approvals in WA fell 15 per cent in February after a 7.3 per cent seasonally adjusted rise in the previous month, according to the latest Australian Bureau of Statistics figures.

This equates to a reduction in approvals of about 300 homes compared with January.

Despite this, the value of building approvals increased more than 6 per cent to $286 million and was considerably higher than the corresponding months last year when total residential building approvals were $200 million.

The Perth metropolitan area received 74 per cent of the approvals with the second highest region, the South West, received 14.7 per cent of approvals for February.

The South East Metropolitan region, stretching from South Perth to Serpentine-Jarrahdale, experienced the highest activity within the metropolitan area with 305 building approvals valued at $48.5 million received.

The area controlled by the Perth City Council had the greatest activity within a council’s boundaries with 263 dwelling approvals granted.

These were worth more than $80 million and were largely a result of the increasing interest in inner city living.

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