The number of dwellings approved in Australia tumbled by 16.4 percent month-over-month in May 2020, following an upwardly revised 2.1 percent fall in the previous month and compared with market expectations of a 10 percent drop. It was the sharpest decline in the number of dwellings approved since December 201, as private sector dwellings excluding houses plunged 34.9 percent (vs -8.5 percent in April). The number of dwellings approved in apartment buildings fell sharply, to an 11-year low. In addition, private sector houses fell 4.4 percent, after rising 2.7 percent in the prior month.

Building Permits in Australia averaged 0.29 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 July of 2020. source: Australian Bureau of Statistics

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.

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Australia Dwelling Approvals

Actual Previous Highest Lowest Dates Unit Frequency
-16.40 -2.10 31.60 -21.70 1983 - 2020 percent Monthly
Volume, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-01 12:30 AM Feb 19.9% -15.1% 4.5% 3%
2020-05-04 01:30 AM Mar -4% 19.4% -15% -14%
2020-06-03 01:30 AM Apr -1.8% -2.6% -15% -14%
2020-07-01 01:30 AM May -16.4% -2.1% -10% -8%
2020-07-30 01:30 AM Jun -16.4% 8%
2020-08-30 01:30 AM Jul
2020-10-01 01:30 AM Aug
2020-10-31 12:30 AM Sep -3.5%


News Stream
Australia Building Permits Fall the Most in Over 2 Years
The number of dwellings approved in Australia tumbled by 16.4 percent month-over-month in May 2020, following an upwardly revised 2.1 percent fall in the previous month and compared with market expectations of a 10 percent drop. It was the sharpest decline in the number of dwellings approved since December 2017, as private sector dwellings excluding houses plunged 34.9 percent (vs -8.5 percent in April). The number of dwellings approved in apartment buildings fell sharply, to an 11-year low. In addition, private sector houses fell 4.4 percent, after rising 2.7 percent in the prior month.
2020-07-01
Australia Building Permits Drop Less than Estimated
The number of dwellings approved in Australia declined by 1.8 percent month-over-month in April 2020, following a downwardly revised 2.6 percent fall in the previous month and compared with market expectations of a 15 percent drop. Private sector dwellings excluding houses dropped (-8.9 percent vs -5.7 percent in March) on the back of a rebound in private sector houses (2.7 percent vs -0.7 percent).
2020-06-03
Australia Building Permits Fall Less than Estimated
The number of dwellings approved in Australia declined by 4.0 percent month-over-month in March 2020, following a downwardly revised 19.4 percent fall in the previous month and compared with market expectations of a 15 percent decline. Private sector dwellings excluding houses dropped (-8.2 percent vs 57 percent in February) and private sector houses declined further (-1.2 percent vs -0.4 percent).
2020-05-04
Australia Building Permits Rise the Most Since 2013
The number of dwellings approved in Australia surged 19.9 percent month-over-month in February 2020, following a marginally revised 15.1 percent plunge in January and easily beating market expectations of a 4.5 percent increase. It was the biggest rise in building permits since September 2013, boosted by approvals for private sector dwellings excluding houses (61.7 percent from -35.2 percent in January). In contrast, building permits for private sector houses fell 0.8 percent, after rising 0.4 percent in the prior month.
2020-04-01

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.