Local rise in building approvals but pressure remains

Submitted 2/12/2010

Migration for Business Growth

 

Figures released by the Australian Bureau of Statistics indicate South Australia's total building approvals increased in October, however private housing approvals decreased.

Total building approval figures for South Australia increased by a seasonally adjusted 6.1 per cent in October and nationally the figures increased 9.3 per cent from the previous month.

Approvals for private housing in South Australia decreased 2.1 per cent, while national figures increased 1.5 per cent.