The number of dwellings approved in Australia jumped by 10.9 percent month-over-month in December 2020, after an upwardly revised 3.3 percent gain in the previous month, and in line with the preliminary reading. This was the fourth straight month of rise in building permits and the steepest pace in three months, amid federal and state housing stimulus measures, along with record low-interest rates. Private sector houses expanded at a faster pace (15.8 percent vs 6.6 percent in November), while private sector dwellings excluding houses rebounded (2.3 percent vs -2.6 percent). source: Australian Bureau of Statistics

Building Permits in Australia averaged 0.35 percent from 1983 until 2020, reaching an all time high of 31.60 percent in May of 2012 and a record low of -21.70 percent in November of 2002. 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 February of 2021.

Building Permits in Australia is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in Australia to stand at 2.50 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
10.90 3.30 31.60 -21.70 1983 - 2020 percent Monthly
Volume, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-07 12:30 AM Building Permits MoM Prel Nov 2.6% 3.3% 2.5% 3.2%
2021-01-14 12:30 AM Building Permits MoM Final Nov 2.6% 3.3% 2.6% 2.6%
2021-02-03 12:30 AM Building Permits MoM Prel Dec 10.9% 3.3% 2.3%
2021-02-10 12:30 AM Building Permits MoM Final Dec 10.9% 2.6% 10.9% 10.9%


News Stream
Australia Building Permits Rise the Most in 3 Months
The number of dwellings approved in Australia jumped by 10.9 percent month-over-month in December 2020, after an upwardly revised 3.3 percent gain in the previous month, and in line with the preliminary reading. This was the fourth straight month of rise in building permits and the steepest pace in three months, amid federal and state housing stimulus measures, along with record low-interest rates. Private sector houses expanded at a faster pace (15.8 percent vs 6.6 percent in November), while private sector dwellings excluding houses rebounded (2.3 percent vs -2.6 percent).
2021-02-10
Australia Building Permits Rise the Most in 3 Months
The number of dwellings approved in Australia jumped by 10.9 percent month-over-month in December 2020, after an upwardly revised 3.3 percent gain in the previous month, preliminary data showed. This was the fourth straight month of rise in building permits and the steepest pace in three months, amid federal and state housing stimulus measures, along with record low-interest rates. Private sector houses expanded at a faster pace (15.8 percent vs 6.6 percent in November), while private sector dwellings excluding houses rebounded (2.3 percent vs -2.6 percent).
2021-02-03
Australia Building Permits Rise Further in November
The number of dwellings approved in Australia increased by 2.6 percent month-over-month in November 2020, after a downwardly revised 3.3 percent gain in the previous month, preliminary data showed. This was the third straight month of rise in building permits following stimulus measures implemented by federal and state governments aimed at boosting economic activity during the downturn due to the coronavirus pandemic. Private sector houses expanded further (6.1 percent vs 3.1 percent in October), while private sector dwellings excluding houses fell (-3.9 percent vs 5 percent).
2021-01-07
Australia Building Permits Rise Further
The number of dwellings approved in Australia rose by 3.8 percent month-over-month in October 2020, after an upwardly revised 16.2 percent surge in the previous month, with both private sector dwellings excluding houses (6.2 percent vs 23.5 percent in September), and private sector houses (3.1 percent vs 10.8 percent) growing further.
2020-12-09

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.