Domestic building activity
Number and value of all domestic permits
A total of 1 250 domestic permits were issued in the City of Greater Geelong in the March 2023 quarter a decrease of 10.6 percent compared to the previous quarter and an annual decrease of 12.6 percent.
The value of domestic permits in the March 2023 quarter was $357.7 million a decrease of 4.7 percent compared to the previous quarter and an annual decrease of 5.1 percent.
A total of 5 801 domestic permits were issued in the City of Greater Geelong in 2022 a decrease of 16.8 percent compared to the number of permits issued in 2021. The value of these permits was $1.52 billion a decrease of 11.5 percent compared to the previous year.
| Number of new dwellings | Percentage change* | Value of new dwellings ($million) | Percentage change* | |
|---|---|---|---|---|
| Quarterly totals | ||||
| Latest quarter (March 2023) | 1 250 | -10.6% | 357.7 | -4.7% |
| Previous quarter (December 2022) | 1 398 | 375.5 | ||
| Same quarter last year (March 2022) | 1 430 | -12.6% | 377.0 | -5.1% |
| Annual totals** | ||||
| 2022 | 5 801 | -16.8% | 1 521.2 | -11.5 |
| 2021 | 6 970 | 1 718.3 | ||
| Source: City of Greater Geelong. Domestic permits refers to all permits including dwellings extensions alterations demolitions etc. Figures for the previous quarter may be revised due to late permits. *Percentage change is based on differences between the latest quarter and earlier figures as specified. **Annual totals differ to ABS Building Approvals (8731.0) due to differing classifications and methodology. | ||||
Click to enlarge image Source: City of Greater Geelong.
Number and value of new dwelling approvals
A total of 735 new dwelling approvals were issued in the City of Greater Geelong in the March 2023 quarter a decrease of 8.7 percent compared to the previous quarter and an annual decrease of 19.0 percent.
The value of new dwelling approvals in the March 2023 quarter was $293.7 million a decrease of 6.4 percent compared to the previous quarter and an annual decrease of 8.6 percent.
A total of 3 282 new dwellings were approved in the City of Greater Geelong in 2022 a decrease of 22.3 percent compared to 2021. The value of these permits was $1.27 billion a decrease of 13.3 percent compared to the previous year.
| Number of new dwellings | Percentage change* | Value of new dwellings ($million) | Percentage change* | |
|---|---|---|---|---|
| Quarterly totals | ||||
| Latest quarter (March 2023) | 735 | -8.7% | 293.7 | -6.4% |
| Previous quarter (December 2022) | 805 | 313.8 | ||
| Same quarter last year (March 2022) | 907 | -19.0% | 321.3 | -8.6% |
| Annual totals** | ||||
| 2022 | 3 282 | -22.3% | 1 268.0 | -13.3% |
| 2021 | 4 226 | 1 461.9 | ||
| Source: City of Greater Geelong. Domestic permits refers to all permits including dwellings extensions alterations demolitions etc. Figures for the previous quarter may be revised due to late permits. *Percentage change is based on differences between the latest quarter and earlier figures as specified. **Annual totals differ to ABS Building Approvals (8731.0) due to differing classifications and methodology. | ||||
Click to enlarge image Source: City of Greater Geelong.
Non-domestic building activity
Number and value of non-domestic building permits
A total of 80 non-domestic building permits were issued in the City of Greater Geelong for the March 2023 quarter a decrease of 20.0 percent compared to the previous quarter and a decrease of 35.0 percent compared to the same period last year.
The value of non-domestic building permits was $109.2 million in the March 2023 quarter a 33.1 percent decrease compared to the previous quarter and an annual decrease of 18.7 percent.
Permits of note for the March 2023 quarter included those for: a new $15.0 million factory and Kardinia Park works for $14.5 million.
A total of 510 non-domestic building permits were issued in the City of Greater Geelong in 2022 an increase of 16.2 percent compared to 2021 and an increase of 129.2 percent in the value of permits to $997.1 million.
| Number of permits | Percentage change* | Value of permits ($million) | Percentage change* | |
|---|---|---|---|---|
| Quarterly totals | ||||
| Latest quarter (March 2023) | 80 | -20.0% | 109.2 | -33.1% |
| Previous quarter (December 2022) | 100 | 163.1 | ||
| Same quarter last year (March 2022) | 123 | -35.0% | 134.4 | -18.7% |
| Annual totals*** | ||||
| 2022 | 510 | +16.2% | 997.1 | +129.2% |
| 2021 | 439 | 435.1 | ||
| Source: City of Greater Geelong. Figures for the previous quarter may be revised due to late permits. *Percentage change is based on differences between the latest quarter and earlier figures as specified. **Includes figures as provided to City of Greater Geelong (which may not always include stage breakdowns). ***Annual totals differ to ABS Building Approvals (8731.0) due to differing classifications and methodology. | ||||
Click to enlarge image Source: City of Greater Geelong.