The seasonally adjusted estimate for total dwellings approved in Australia dropped by 2.4 percent month-over-month to 14,908 units in April 2022, unrevised from the flash figure and after a 19.2 percent tumble in the prior month. This was the third fall in building permits since the start of the year, with the number of approvals for private sector dwellings excluding houses continuing its fall (-6.1 percent vs -30.6 percent). Meanwhile, permits for private sector houses stabilized, up 0.5 percent following a 3.9 per cent fall in March. Across Australia, dwelling approvals fell in New South Wales (-6.8 percent), Queensland (-4.5 percent) and Western Australia (-0.3 percent), while increased in South Australia (50.3 percent), Tasmania (10.6 percent) and Victoria (7.8 percent). source: Australian Bureau of Statistics
Building Permits in Australia averaged 0.35 percent from 1983 until 2022, reaching an all time high of 41.40 percent in February of 2022 and a record low of -24.60 percent in January of 2022. 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 June of 2022.
Building Permits in Australia is expected to be 7.00 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 2023, according to our econometric models.