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City of KingstonCommunity profile

Chelsea

Residential building approvals

In Chelsea there were 373 residential dwellings approved to be built in the financial year 2023-24 FYTD (January).

The City of Kingston'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 KingstonNumberAnnual change
Year (ending June 30)HousesOtherTotalHousesOtherTotal
2023-24 FYTD (January)113260373------
2022-23246362608-12-429-441
2021-222587911,049+46+53+99
2020-21212738950-20+53+33
2019-20232685917-80+242+162
2018-19312443755-101-867-968
2017-184131,3101,723-102+417+315
2016-175158931,408+136+62+198
2015-163798311,210-20+135+115
2014-153996961,095+141+209+350
2013-14258487745-4+21+17
2012-13262466728-73-128-201
2011-12335594929-18-110-128
2010-113537041,057-30+307+277
2009-10383397780-106+78-28
2008-09489319808-202+7-195
2007-086913121,003+204-25+179
2006-07487337824+37+126+163
2005-06450211661+50+12+62
2004-05400199599-263-29-292
2003-04663228891-87+104+17
2002-03750124874-136-86-222
2001-028862101,096------
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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