The seasonally adjusted estimate for total dwellings approved in Australia tumbled 12.9 percent month-over-month to 15,911 units in October 2021, compared with market expectations of a 2 percent drop and after a final 3.9 percent fall a month earlier, flash data showed. There was a slump in approvals for private sector dwellings excluding houses (-37.5 percent vs 17.6 percent in September). By contrast, permits for private sector houses rose by 4.3 percent after plunging 14.8 percent in September, driven by government stimulus and record low-interest rates. The number of dwelling approvals fell in New South Wales (-29.4 percent), dragged down by a large decline in apartment developments approved. Also, building permits fell in South Australia (-8.1 percent), Western Australia (-2.7 percent), Victoria (-2.0 percent), and Tasmania (-1.8 percent). On the other hand, the approvals rose in Queensland (2.2 percent). source: Australian Bureau of Statistics

Building Permits in Australia averaged 0.34 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 December of 2021.

Building Permits in Australia is expected to be -6.50 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.

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Australia Dwelling Approvals


Calendar GMT Actual Previous Consensus TEForecast
2021-11-10 12:30 AM Building Permits MoM Final Sep -4.3% 7.6% -4.3% -4.3%
2021-11-30 12:30 AM Building Permits MoM Prel Oct -12.9% -3.9% -2% -1%


Related Last Previous Unit Reference
Building Permits -12.90 -3.90 percent Oct/21
Housing Index 167.20 156.70 points Jun/21
Home Loans 19840.00 20690.00 AUD Million Oct/21
Construction Output -0.30 0.80 percent Sep/21
Home Ownership Rate 66.20 67.50 percent Dec/18

News Stream
Australia Building Permits Sink in October
The seasonally adjusted estimate for total dwellings approved in Australia tumbled 12.9 percent month-over-month to 15,911 units in October 2021, compared with market expectations of a 2 percent drop and after a final 3.9 percent fall a month earlier, flash data showed. There was a slump in approvals for private sector dwellings excluding houses (-37.5 percent vs 17.6 percent in September). By contrast, permits for private sector houses rose by 4.3 percent after plunging 14.8 percent in September, driven by government stimulus and record low-interest rates. The number of dwelling approvals in New South Wales plummeted (-29.4 percent), dragged down by a large decline in apartment developments approved. Also, building permits fell in South Australia (-8.1 percent), Western Australia (-2.7 percent), Victoria (-2.0 percent), and Tasmania (-1.8 percent). On the other hand, the approvals rose in Queensland (2.2 percent).
2021-11-30
Australia Building Permits Down 4.3% MoM
The seasonally adjusted estimate for total dwellings approved in Australia dropped by 4.3 percent month-over-month to 18,090 units in September 2021, unrevised from the flash reading and after a final 7.6 percent growth a month earlier. There was a large fall in approvals for private sector houses (-16 percent vs 3.7 percent in August), as federal and state stimulus measures ended. At the same time, permits for private sector dwellings excluding houses moderated (18 percent vs 15.4 percent in August). Across Australia, the number of dwelling approvals was down in South Australia (-22.7 percent), Queensland (-21.5 percent), Western Australia (-20.9 percent), Victoria (-15.7 percent), and Tasmania (-11.8 percent). In contrast, the approvals in New South Wales rose (27.2 percent), driven by a rise in apartment developments approved.
2021-11-10
Australia Building Permits Fall More than Estimated
The seasonally adjusted estimate for total dwellings approved in Australia dropped by 4.3 percent month-over-month to 18,090 units in September, compared with market estimates of a 2 percent fall and after an upwardly revised 7.6 percent growth a month earlier, a preliminary reading showed. There was a large fall in approvals for private sector houses (-16 percent vs 3.7 percent in August), as federal and state stimulus measures ended. At the same time, permits for private sector dwellings excluding houses moderated (18 percent vs 15.4 percent in August). Across Australia, the number of dwelling approvals was down in South Australia (-22.7 percent), Queensland (-21.5 percent), Western Australia (-20.9 percent), Victoria (-15.7 percent), and Tasmania (-11.8 percent). In contrast, the approvals in New South Wales rose (27.2 percent), driven by a rise in apartment developments approved.
2021-11-03

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.