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City of Merri-bekCommunity profile

Hadfield

Residential building approvals

In Hadfield there were 597 residential dwellings approved to be built in the financial year 2023-24 FYTD (January).

The City of Merri-bek'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 Merri-bekNumberAnnual change
Year (ending June 30)HousesOtherTotalHousesOtherTotal
2023-24 FYTD (January)119478597------
2022-232071,4761,683-17-806-823
2021-222242,2822,506-30+1,373+1,343
2020-212549091,163+62-284-222
2019-201921,1931,385-70+208+138
2018-192629851,247-52-1,242-1,294
2017-183142,2272,541-59+373+314
2016-173731,8542,227-172-70-242
2015-165451,9242,469+88-421-333
2014-154572,3452,802+51+1,176+1,227
2013-144061,1691,575+74-297-223
2012-133321,4661,798-58+548+490
2011-123909181,308-4+2-2
2010-113949161,310+30-250-220
2009-103641,1661,530+71+496+567
2008-09293670963-4-306-310
2007-082979761,273-30+445+415
2006-07327531858-13+243+230
2005-06340288628-42-91-133
2004-05382379761-51-35-86
2003-04433414847+72-76-4
2002-03361490851-80+26-54
2001-02441464905------
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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