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City of CaseyCommunity profile

Cranbourne South

Residential building approvals

In Cranbourne South there were 2,947 residential dwellings approved to be built in the financial year 2023-24 FYTD (January).

The City of Casey'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 CaseyNumberAnnual change
Year (ending June 30)HousesOtherTotalHousesOtherTotal
2023-24 FYTD (January)2,5963512,947------
2022-233,5801,1324,712-418+380-38
2021-223,9987524,750-226+284+58
2020-214,2244684,692+930+80+1,010
2019-203,2943883,682-371-10-381
2018-193,6653984,063-1,024-323-1,347
2017-184,6897215,410+507+52+559
2016-174,1826694,851+530+327+857
2015-163,6523423,994+679-48+631
2014-152,9733903,363+200+90+290
2013-142,7733003,073+602+21+623
2012-132,1712792,450+62+52+114
2011-122,1092272,336-31+107+76
2010-112,1401202,260-524-28-552
2009-102,6641482,812+224+15+239
2008-092,4401332,573+157+3+160
2007-082,2831302,413+37-15+22
2006-072,2461452,391-49+35-14
2005-062,2951102,405-63+33-30
2004-052,358772,435-724-91-815
2003-043,0821683,250-444-4-448
2002-033,5261723,698-483+76-407
2001-024,009964,105------
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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