Private house approvals in Australia increased by 1.4 percent month-over-month to 10,892 units in November 2021, unrevised from the flash reading and slowing from a 3.5 percent gain a month earlier. The series has been at historically elevated levels over the past year, largely driven by government stimulus and record low-interest rates. "While private house approvals are no longer at record highs, the November result remains 25.8 percent higher than the pre-pandemic level in November 2019, indicating ongoing strength in the detached housing market," said Daniel Rossi, ABS Director of Construction Statistics. Approvals rose in Queensland (7.4 percent), South Australia (6.4 percent), and New South Wales (5.4 percent), while falls were recorded in both Western Australia (-12.1 percent) and Victoria (-0.8 percent). source: Australian Bureau of Statistics
Private House Approvals in Australia averaged 0.18 percent from 1983 until 2021, reaching an all time high of 16.50 percent in August of 1997 and a record low of -19.10 percent in June of 2000. This page includes a chart with historical data for Australia Private House Approvals. Australia Private House Approvals MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.