Grow South East (South East Metropolitan Region)Economic profile
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Town of Victoria Park

Building approvals

The value of building approvals in Town of Victoria Park was $189m in the 2019-20 Sep FYTD financial year.

This dataset shows the total assessed value of building approvals for construction in Grow South East (South East Metropolitan Region) by financial year in millions of dollars. The dataset is updated monthly to include the current financial year to date, and includes residential and non-residential building approvals separately. The percentage of the state total is shown.

Building approvals for an area can be highly variable over time, particularly in the non-residential sector. Construction may take several years from the date of approval. A high rate of building approvals can indicate a growth area with a construction-led economy. A low rate of building approvals may indicate a settled area with established infrastructure, or an area with little growth. Note that this dataset is not adjusted for inflation.

Value of total building approvals
Value of total building approvals NonResidential: $161,364 Residential: $27,529 NonResidential: $130,057 Residential: $60,234 NonResidential: $90,677 Residential: $91,536 NonResidential: $41,494 Residential: $110,442 NonResidential: $125,641 Residential: $102,933 NonResidential: $808,348 Residential: $154,457 NonResidential: $513,185 Residential: $118,957 NonResidential: $44,112 Residential: $62,190
Source: Australian Bureau of Statistics, Building Approvals, Australia, catalogue number 8731.0. Compiled and presented in economy.id by .id the population experts
Value of total building approvals
Town of Victoria ParkWestern Australia
Financial yearResidential $('000)Non-residential $('000)Total $('000)Residential $('000)Non-residential $('000)Total $('000)Town of Victoria Park as a % of Western Australia
2019-20 Sep FYTD27,529161,364188,8931,400,1201,091,1472,491,2677.58%
2018-1960,234130,057190,2915,200,5673,863,7849,064,3512.10%
2017-1891,53690,677182,2135,836,7504,207,87710,044,6271.81%
2016-17110,44241,494151,9366,250,5604,785,70111,036,2611.38%
2015-16102,933125,641228,5737,269,0654,558,44311,827,5071.93%
2014-15154,457808,348962,8058,609,0185,402,10214,011,1206.87%
2013-14118,957513,185632,1418,548,0535,380,82013,928,8734.54%
2012-1362,19044,112106,3027,061,6265,090,71812,152,3440.87%

Source: Australian Bureau of Statistics, Building Approvals, Australia, catalogue number 8731.0. Compiled and presented in economy.id by .id The population experts

Please note that non-residential building approvals data for June 2012 (1 month) at the LGA level have been suppressed by the ABS due to confidentiality issues. In order to continue showing a full financial year’s worth of data on the site, it has been necessary for .id to estimate the June figures as part of the 2012-13 financial year total. This has been done with reference to the state total for non-residential building approvals, and the ratio of building approvals in the local area to the state total in previous months. It is expected to have minimal impact on the numbers for most areas.

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