The seasonally adjusted estimate for total dwellings approved in Australia declined by 8.6 percent month-over-month to 17,601 units in July 2021, unrevised from the preliminary data and after a final 5.5 percent drop in the prior month. This was the fourth straight month of decrease in building permits and the steepest pace in the sequence, amid declines in both private sector houses (-5.8 percent vs -10 percent in June) and private sector dwellings excluding houses (-12.3 percent vs -1.5 percent). Among states and territories, building permits fell in South Australia (-17.9 percent), Tasmania (-15.3 percent), Western Australia (-11.3 percent), Victoria (-11.0 percent), and New South Wales (-9.9 percent). In contrast, dwelling approvals rose in Queensland (9.0 percent). source: Australian Bureau of Statistics
Building Permits in Australia averaged 0.36 percent from 1983 until 2021, reaching an all time high of 31.70 percent in May of 2012 and a record low of -22.10 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 September of 2021.
Building Permits in Australia is expected to be -12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Dwelling Approvals is projected to trend around 3.00 percent in 2022, according to our econometric models.