The number of dwellings approved in Australia declined by 1.6 percent month-over-month in August 2020, following an upwardly revised 12.2 percent surge in the previous month and compared with market consensus of a 2 percent fall. Private sector dwellings excluding houses tumbled (-11 percent vs 23 percent in July), while private sector houses rose at a softer pace (4.8 percent vs 8.6 percent). source: Australian Bureau of Statistics
Building Permits in Australia averaged 0.30 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 October of 2020.
Building Permits in Australia is expected to be -3.50 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 2.00 in 12 months time. In the long-term, the Australia Dwelling Approvals is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.