Local: Thu
Sydney: Thu
Select Destination
Location Time Temp
Sydney Thu13°
Melbourne Thu11°
Brisbane Thu20°
Perth Thu12°
Adelaide Thu
Hobart Thu10°
Canberra Thu
Darwin Thu28°


Get our help FREE advice or find service providers with our bookJobs Now

Housing Market in Western Australia

08 April 2010 by News Desk

property_buildingThe housing market in Western Australia continues to grow, with residential house building increasing by 1.3%  to 2,202 in February 2010.

The latest increase follows increases of 2.0% in December 2009 and 1.8% in January 2010, according to the Australian Bureau of Statistics. Seasonally adjusted figures show building approvals have increased in the last three months, with a 1.4% increase in December followed by a 2.3% increase in January 2009 and a 8.1% increase in the month of February.

The number of dwelling approvals in Western Australia fell steeply from February 2008 and experienced an eight year low in January 2009 (1,430). This downward trend was reversed in February 2009. In the 12 months to February 2010, the number of building approvals rose by more than 50%.

Historically, the largest proportion of building approvals has been in private sector housing, which accounted for 80% of approvals (trend) in February 2010. Strong private sector building approvals growth (up 48%) over the past year has been the main driver of recent increases in total approvals.

If you are seeking a new job and better lifestyle Down Under, contact us today to find out about jobs and migration and how YOU could be starting a new life in Australia. Contact us via our website or Tel: 0845 850 4040 for a FREE assessment

We use cookies on Thinking Australia

This website uses cookies to ensure you get the best experience on our website. Please confirm permission to use cookies.
Cookie Policy Privacy policy