Buildings approvals shrink again in December
But rises were recorded in Tasmania, Victoria and the NT.
The total number of national dwelling approvals fell 2.5% in December 2016, the seventh consecutive month of decline, according to the latest data.
The Australian Bureau of Statistics (ABS) reports building approvals decreased in NSW (-6.3%), Queensland (-5%), ACT (-2%), South Australia (-1.3%) and Western Australia (0.3%).
However, approvals rose in Tasmania (3.8%), Victoria (1.5%) and the Northern Territory (1.4%).
The ongoing recession in dwelling approvals matched a slight drop in approvals for private sector houses, down 0.4% month-on-month in December.
The value of total buildings approved fell 3.5% in December, the fifth consecutive month of decline.
Residential building values fell 2.4% in December, while non-residential values fell 5.6% month-on-month.
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To capitalise, Aussie banks kicked off the year by hiking variable home loan rates.
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