The number of dwellings approved in Australia increased by 11.8 percent month-over-month in November 2019, easily beating market expectations of a 2 percent gain and after a revised 7.9 percent fall in the previous month. The strong rebound was supported by an upturn in approvals for both private sector dwellings excluding houses (22.6 percent) and private sector houses (6.1 percent). Building Permits in Australia averaged 0.32 percent from 1983 until 2019, reaching an all time high of 31.90 percent in May of 2012 and a record low of -22.70 percent in December of 2017. source: Australian Bureau of Statistics

Building Permits in Australia is expected to be 1.00 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 2020, according to our econometric models.

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Australia Dwelling Approvals

Actual Previous Highest Lowest Dates Unit Frequency
11.80 -7.90 31.90 -22.70 1983 - 2019 percent Monthly
Volume, SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 01:30 AM Aug -1.1% -9.7% 2.5% 3.3%
2019-10-31 12:30 AM Sep 7.6% -0.6% 0.5% 0.3%
2019-12-02 12:30 AM Oct -8.1% 7.3% 0.4% 0.1%
2020-01-08 12:30 AM Nov 11.8% -7.9% 2% -3.7%
2020-02-03 12:30 AM Dec 11.8% -2.5%


News Stream
2019-12-02
Australia Building Permits Unexpectedly Fall in October
The number of dwellings approved in Australia unexpectedly declined by 8.1 percent month-over-month in October 2019, after a downwardly revised 7.3 percent gain in the previous month and missing market expectations of a 0.4 percent rise. Approvals dropped in both private sector dwellings excluding houses (-11.3 percent vs 13.3 percent in September) and private sector houses (-7 percent vs 3.9 percent in August).

2019-10-31
Australia Building Permits Rebounds More than Estimated
The number of dwellings approved in Australia increased by 7.6 percent month-over-month in September 2019, reversing from a downwardly revised 0.6 percent fall in the previous month and easily beating market expectations of a 0.5 percent gain. This marked the first monthly rise in building permits since May, as approval rebounded for private sector houses (2.8 percent vs -2 percent in August). In addition, permits for private sector dwellings excluding houses surged (16.6 percent vs 3.5 percent).

2019-10-01
Australia Building Permits Unexpectedly Fall in August
The number of dwellings approved in Australia fell by 1.1 percent month-over-month in August 2019, after a 9.7 percent plunge in the previous month and missing market expectations of a 2.5 percent rise. It was the third straight month of decline in building permits, led by a decrease in private sector houses approved (-2.4 percent vs -3.1 percent in July). Meanwhile, approvals for private sector dwellings excluding houses rebounded (3.1 percent vs -18.5 percent).

2019-08-30
Australia Building Permits Unexpectedly Tumble in July
The number of dwellings approvals in Australia slumped 9.7 percent month-over-month in July 2019, after a downwardly revised 0.8 percent fall in the previous month and below market expectations of a flat reading. It was the biggest monthly decline in building permits in four months, as approvals for private sector dwellings excluding houses dropped further (-18.4 percent vs -4.6 percent in June) and those for houses fell (-3.3 percent vs 0.2 percent). Among the states and territories, total dwelling approvals decreased in both Victoria (24.3 percent) and New South Wales (17.5 percent), but advanced in South Australia (34.8 percent), Tasmania (21.5 percent), Queensland (10.9 percent) and Western Australia (5.8 percent).

2019-07-30
Australia Building Permits Fall More than Estimated
The number of dwellings approvals in Australia dropped by 1.2 percent month-over-month in June 2019, after a downwardly revised 0.3 percent rise in the previous month and compared with market expectations of a 1 percent fall. Permits for private sector dwellings excluding houses went down further (-6.5 percent vs -0.2 percent in May) while approvals for private sector houses picked up (0.4 percent vs a flat reading). Among the states and territories, total dwelling approvals decreased in Tasmania (-11.9 percent), Western Australia (-8.6 percent), New South Wales (-5.4 percent) and Queensland (-1.0 percent), while in Victoria rose (9.7 percent) and in South Australia was flat.

2019-07-03
Australia Building Permits Rebound in May
The number of dwellings approvals in Australia rose by 0.7 percent month-over-month in May 2019, easily beating market expectations of a flat reading and rebounding from a downwardly revised 3.4 percent fall in the previous month. The upturn was driven by permits for private sector dwellings excluding houses (1.2 percent vs -5.1 percent in April). In addition, the approvals for private sector houses fell less (-0.3 percent vs -1.5 percent). Among the states and territories, total dwelling approvals increased in Victoria (14.4 percent), while was flat in New South Wales, and there were declines in Queensland (-6.3 percent), Western Australia (-4.7 percent), South Australia (-2.9 percent), and Tasmania (-1.2 percent).


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.

Australia Housing Last Previous Highest Lowest Unit
Building Permits 11.80 -7.90 31.90 -22.70 percent [+]
New Home Sales 4374.00 4576.00 20768.00 4035.00 Units [+]
Housing Index 2.40 -0.70 6.10 -3.00 percent [+]
Home Loans 18593.60 18273.40 22321.20 9745.10 [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -0.40 -2.80 17.90 -18.90 percent [+]
Construction Pmi 38.90 40.00 60.50 29.24 points [+]