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City of Canterbury BankstownCommunity profile

Bankstown CBD

Residential building approvals

In Bankstown CBD there were 849 residential dwellings approved to be built in the financial year 2023-24 FYTD (January).

City of Canterbury Bankstown's building approvals are used as a leading indicator of the general level of residential development, economic activity, employment and investment. Residential building activity depends on many factors that vary with the state of the economy including interest rates, availability of mortgage funds, government spending, and business investment.  Large financial changes or shocks, such as the Global Financial Crisis of 2008/09 can be observed in the data.  However, the number of building approvals can fluctuate substantially from year to year simply as a result of the short-term nature of many construction projects, and the cyclical nature of the industry.

Residential building approvals
City of Canterbury BankstownNumberAnnual change
Year (ending June 30)HousesOtherTotalHousesOtherTotal
2023-24 FYTD (January)298551849------
2022-235489461,494-69-469-538
2021-226171,4152,032-101+283+182
2020-217181,1321,850+72-609-537
2019-206461,7412,387-68+632+564
2018-197141,1091,823-13-1,455-1,468
2017-187272,5643,291+8+608+616
2016-177191,9562,675-159-1,040-1,199
2015-168782,9963,874+188+243+431
2014-156902,7533,443+31+712+743
2013-146592,0412,700+248+962+1,210
2012-134111,0791,490-67+293+226
2011-124787861,264+162+149+311
2010-11316637953+62-430-368
2009-102541,0671,321-32+633+601
2008-09286434720-39-46-85
2007-08325480805+77+37+114
2006-07248443691-13-296-309
2005-062617391,000-95-232-327
2004-053569711,327-86-419-505
2003-044421,3901,832+127+270+397
2002-033151,1201,435+14+109+123
2001-023011,0111,312------
Source: Australian Bureau of Statistics, Building Approvals, Australia (8731.0). Compiled and presented in profile.id by .id (informed decisions)
Please refer to specific data notes for more information

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