The seasonally adjusted estimate for total dwellings approved in Australia unexpectedly expanded by 9.9 percent month-over-month to 16,390 units in May 2022, easily topping market forecasts of a 1.8 percent drop and shifting from a revised 3.9 percent fall a month earlier. This was the first rise in building permits since February, mainly boosted by a sharp rebound in approvals for private sector dwellings excluding houses (32 percent vs -8.1 percent in April). Meantime, approvals for private sector houses fell further (-2.7 percent vs -0.2 percent). Across Australia, the number of dwelling approvals rose in Western Australia (38.7 percent), Tasmania (26.8 percent), Queensland (20.9 percent) and New South Wales (4.7 percent); while declined in both South Australia (-21.3 percent) and Victoria (-6.6 percent). On a yearly basis, however, building permits sank 20.9 percent, due to falls in both approvals of both private sector houses and private sector dwellings excluding houses. 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 July of 2022.

Building Permits in Australia is expected to be 6.00 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.

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Australia Dwelling Approvals



Calendar GMT Actual Previous Consensus TEForecast
2022-06-07 01:30 AM Building Permits MoM Final Apr -2.4% -19.2% -2.4% -2.4%
2022-07-04 01:30 AM Building Permits MoM May 9.9% -3.9% -1.8% -0.7%


Related Last Previous Unit Reference
Building Permits 9.90 -2.40 percent May 2022
Housing Index 183.90 175.60 points Dec 2021
Home Loans 21184.90 20740.10 AUD Million May 2022
Construction Output -0.90 0.60 percent Mar 2022
Home Ownership Rate 66.20 67.50 percent Dec 2018

Australia Dwelling Approvals
In Australia, Building Permits show the monthly change in the number of total dwelling units approved, including building activity carried out on existing buildings.
Actual Previous Highest Lowest Dates Unit Frequency
9.90 -2.40 41.40 -24.60 1983 - 2022 percent Monthly
Volume, SA

News Stream
Australia Building Permits Unexpectedly Rise
The seasonally adjusted estimate for total dwellings approved in Australia unexpectedly expanded by 9.9 percent month-over-month to 16,390 units in May 2022, easily topping market forecasts of a 1.8 percent drop and shifting from a revised 3.9 percent fall a month earlier. This was the first rise in building permits since February, mainly boosted by a sharp rebound in approvals for private sector dwellings excluding houses (32 percent vs -8.1 percent in April). Meantime, approvals for private sector houses fell further (-2.7 percent vs -0.2 percent). Across Australia, the number of dwelling approvals rose in Western Australia (38.7 percent), Tasmania (26.8 percent), Queensland (20.9 percent) and New South Wales (4.7 percent); while declined in both South Australia (-21.3 percent) and Victoria (-6.6 percent). On a yearly basis, however, building permits sank 20.9 percent, due to falls in both approvals of both private sector houses and private sector dwellings excluding houses.
2022-07-04
Australia Building Permits Drop for 2nd Straight Month
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).
2022-06-07
Australia Building Permits Unexpectedly Decline
The seasonally adjusted estimate for total dwellings approved in Australia unexpectedly dropped by 2.5 percent month-over-month to 14,908 units in April 2022, missing market consensus of a 2 percent gain and after a revised 19.2 percent tumble in the prior month, a preliminary figure showed. 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).
2022-05-31