Data on building activity within our municipality is broken down into three categories: total domestic building activity; new dwelling approvals; and total non-domestic building activity.
Domestic building activity
Number and value of all domestic permits
A total of 1,088 domestic permits were issued in the City of Greater Geelong in the June 2024 quarter, a decrease of 11.0 percent compared to the previous quarter, and an annual decrease of 0.4 percent.
The value of domestic permits issued in the June 2024 quarter was $363.0 million, an increase of 1.5 percent compared to the previous quarter, and an annual increase of 27.0 percent.
A total of 4,961 domestic permits were issued in the City of Greater Geelong in 2023-24 a decrease of 4.4 percent compared to the number of permits issued in 2022-23. The value of these permits was $1.47 billion, an increase of 5.7 percent compared to the previous year.
| |
Number of new permits |
Percentage change* |
Value of new permits^ ($million) |
Percentage change* |
| Quarterly totals |
| Latest quarter (June 2024) |
1,088 |
-11.0% |
363.0 |
+1.5% |
| Previous quarter (March 2024) |
1,222 |
357.8 |
| Same quarter last year (June 2023) |
1,092 |
-0.4% |
285.9 |
+27.0% |
| Annual totals** |
| 2023-24 |
4,961 |
-4.4% |
1,472.2 |
+5.7% |
| 2022-23 |
5,191 |
1,392.6 |
|
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.
^Estimated value of proposed building works.
*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 667 new dwelling approvals were issued in the City of Greater Geelong in the June 2024 quarter, a decrease of 13.3 percent compared to the previous quarter, yet an annual increase of 17.6 percent.
The value of new dwelling approvals issued in the June 2024 quarter was $282.5 million, a decrease of 7.2 percent compared to the previous quarter, yet an annual increase of 20.2 percent.
A total of 2,999 new dwellings were approved in the City of Greater Geelong in 2023-24, an annual increase of 4.1 percent. The value of these new dwellings was $1.22 billion, an increase of 6.1 percent compared to the previous year.
| |
Number of new dwellings |
Percentage change* |
Value of new dwellings^ ($million) |
Percentage change* |
| Quarterly totals |
| Latest quarter (June 2024) |
667 |
-13.3% |
282.5 |
-7.2% |
| Previous quarter (March 2024) |
769 |
304.3 |
| Same quarter last year (June 2023) |
567 |
+17.6% |
235.0 |
+20.2% |
| Annual totals** |
| 2023-24 |
2,999 |
+4.1% |
1,217.5 |
+6.1% |
| 2022-23 |
2,880 |
1,147.9 |
|
Source: City of Greater Geelong. Figures for the previous quarter may be revised due to late permits.
^Estimated value of proposed building works.
*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 120 non-domestic building permits were issued in the City of Greater Geelong for the June 2024 quarter, an increase of 25.0 percent compared to the previous quarter yet a decrease of 7.0 percent compared to the same period last year.
The value of non-domestic building permits was $165.8 million in the June 2024 quarter, a 15.8 percent increase compared to the previous quarter yet an annual decrease of 15.6 percent.
Permits of note for the June 2024 quarter
included: a multi storey residential building in Central Geelong, a warehouse development in North Geelong, St Josephs College - Arts and Learning Precinct, a warehouse development in North Shore and the Endoscopy and Day Procedure Relocation Project at Barwon Women’s & Children's Hospital.
A total of 486 non-domestic building permits were issued in the City of Greater Geelong in 2023-24, a decrease 28.6 percent compared to 2022-23, yet an increase of 19.5 percent in the value of those permits to $1.17 billion. Large permits contributing to the increase in value included Nyaal Banyul Geelong Convention and Event Centre ($449.1million) and a residential development in Geelong ($58.8 million).
| |
Number of permits |
Percentage change* |
Value of permits^ ($million) |
Percentage change* |
| Quarterly totals |
| Latest quarter (June 2024) |
120 |
+25.0% |
165.8 |
+15.8% |
| Previous quarter (March 2024) |
96 |
143.3 |
| Same quarter last year (June 2023) |
129 |
-7.0% |
196.6 |
-15.6% |
| Annual totals** |
| 2023-24 |
486 |
-28.6% |
1,167.7 |
+19.5% |
| 2022-23 |
625 |
977.1 |
|
Source: City of Greater Geelong. Figures for the previous quarter may be revised due to late permits.
^Estimated value of proposed building works. Includes figures as provided to City of Greater Geelong (which may not always include stage breakdowns).
*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.