The seasonally adjusted number of total dwellings approved in Australia plunged 10.5% month-on-month to 17,300 units in March 2026, sharply reversing an upwardly revised 31.1% jump in the previous month and coming in worse than market forecasts of a 9.9% decline, preliminary data showed. It marked the steepest decline in permits since last December, as approvals for private sector dwellings excluding houses slumped (-26.0% vs 101.1% in February). Meanwhile, permits for private sector houses eased (0.9% vs 2.0%). However, despite easing growth, private sector house approvals reached their highest level since November 2021, with 10,194 units approved. By region, building permits declined in most states, including Victoria (-16.9%), Western Australia (-15.5%), Queensland (-6.4%), and South Australia (-2.1%). By contrast, permits rose in both New South Wales (3.2%) and Tasmania (2.6%). On an annual basis, dwelling approvals grew 9.0%, following an upwardly revised 16.1% gain in February. source: Australian Bureau of Statistics
Building Permits MoM in Australia decreased to -10.50 percent in March from 29.70 percent in February of 2026. Building Permits MoM in Australia averaged 0.37 percent from 1983 until 2026, reaching an all time high of 30.40 percent in February of 2022 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 29.70 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, according to our econometric models.