The seasonally adjusted number of total dwellings approved in Australia fell 10.5% month-on-month to 17,300 units in March 2026, reversing a 31.0% surge in February, confirming preliminary data. This marked the steepest decline since late December, driven primarily by a sharp contraction in approvals for private sector dwellings excluding houses (-26.0% vs 101.1% in February), while growth in private sector house approvals eased to 0.9% from 2.0%. By region, total dwelling approvals declined in most states, including Victoria (-16.9%), Western Australia (-15.5%), Queensland (-6.4%), and South Australia (-2.1%), while increases were recorded in New South Wales (3.2%) and Tasmania (2.6%). Despite the monthly decline, total dwelling approvals were still up 9.0% year-on-year, following a 16.1% gain in the previous period. source: Australian Bureau of Statistics
Building Permits MoM in Australia decreased to -10.50 percent in March from 31 percent in February of 2026. Building Permits MoM in Australia averaged 0.38 percent from 1983 until 2026, reaching an all time high of 31.00 percent in February of 2026 and a record low of -22.80 percent in January of 2023. This page includes a chart with historical data for Australia Dwelling Approvals MoM. Australia Building Permits MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
Building Permits MoM in Australia decreased to -10.50 percent in March from 31 percent in February of 2026. Building Permits MoM in Australia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Building Permits MoM is projected to trend around 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.