The seasonally adjusted estimate for total dwellings approved in Australia fell 19.4 percent month-over-month in January 2021, worse than market consensus of a 3.0 percent drop and following an upwardly revised 12.0 percent jump in the previous month, a preliminary estimate showed. This was the first drop in building permits since August last year, amid disruptions caused by the COVID-19 pandemic. Approvals for private sector houses declined 12.2 percent from December's record high, and those for private sector dwellings excluding houses tumbled 39.5 percent to the lowest level recorded since January 2012. source: Australian Bureau of Statistics
Building Permits in Australia averaged 0.35 percent from 1983 until 2021, reaching an all time high of 31.60 percent in May of 2012 and a record low of -22 percent in December of 2017. This page provides the latest reported value for - Australia Building Permits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Dwelling Approvals - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Building Permits in Australia is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in Australia to stand at 2.50 in 12 months time. In the long-term, the Australia Dwelling Approvals is projected to trend around 3.00 percent in 2022, according to our econometric models.