The seasonally adjusted estimate for total dwellings approved in Australia plunged by 9% month-over-month to 13,898 units in November 2022, unrevised from the flash reading and after a 5.6% drop in October. This was the third straight month of decline in building permits and the steepest pace in the sequence. Approvals for private sector dwellings excluding houses permits tumbled 22.7% to 4,423 units, following an 11.7% decrease in October; while private sector houses permits fell 2.5% to 9,142 units, after a 1.1% drop in October. Across Australia, permits decreased in New South Wales (-18.4%), Western Australia (-17.5%), Victoria (-12.7%), and Queensland (-5.6%), while Tasmania (75.7%) and South Australia (10.0%) recorded increases. source: Australian Bureau of Statistics

Building Permits MoM in Australia averaged 0.34 percent from 1983 until 2022, reaching an all time high of 37.80 percent in February of 2022 and a record low of -24.30 percent in January of 2022. This page includes a chart with historical data for Australia Dwelling Approvals MoM. Australia Dwelling Approvals MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Building Permits MoM in Australia is expected to be -3.60 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 MoM is projected to trend around 1.50 percent in 2024 and 1.90 percent in 2025, according to our econometric models.

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Australia Dwelling Approvals MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-01-09 12:30 AM Building Permits MoM Prel Nov -9.0% -5.6% -1% -4%
2023-01-16 12:30 AM Building Permits MoM Final Nov -9.0% -5.6% -9.0% -9.0%
2023-02-02 12:30 AM Building Permits MoM Prel Dec -9.0% -2.3%

Australia Dwelling Approvals MoM
In Australia, Dwelling Approvals MoM show the monthly change in the number of total dwelling units approved, including building activity carried out on existing buildings.
Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -5.60 37.80 -24.30 1983 - 2022 percent Monthly
SA

News Stream
Australia Building Permits Slump 9.0% MoM
The seasonally adjusted estimate for total dwellings approved in Australia plunged 9% month-over-month to 13,898 units in November 2022, unrevised from the flash reading and after a 5.6% drop in October. This was the third straight month of decline in building permits and the steepest pace in the sequence. Approvals for private sector dwellings excluding houses permits tumbled 22.7% to 4,423 units, following an 11.7% decrease in October; while private sector houses permits fell 2.5% to 9,142 units, after a 1.1% drop in October. Across Australia, permits decreased in New South Wales (-18.4%), Western Australia (-17.5%), Victoria (-12.7%), and Queensland (-5.6%). Tasmania (75.7%) and South Australia (10.0%) recorded increases.
2023-01-16
Australia Building Permits Fall 9% in November
The seasonally adjusted estimate for total dwellings approved in Australia plunged by 9% month-over-month to 13,898 units in November 2022, worse than the market consensus of a 1% fall and after a downwardly revised 5.6% drop in October, a preliminary estimate showed. This was the third straight month of decline in building permits and the steepest pace in the sequence. Approvals for private sector dwellings, excluding houses permits, tumbled 22.7% to 4,423 units, following an 11.7% decrease in October; while private sector houses permits fell 2.5% to 9,142 units, after a 1.1% drop in October. Across Australia, permits decreased in New South Wales (-18.4%), Western Australia (-17.5%), Victoria (-12.7%), and Queensland (-5.6%), while Tasmania (75.7%) and South Australia (10.0%) recorded increases.
2023-01-09
Australia Building Permits Fall in October
The seasonally adjusted estimate for total dwellings approved in Australia declined by 6% month-over-month to 15,382 units in October 2022, following a revised 8.1% drop in September, a final reading showed. Approvals for private sector dwellings excluding houses permits tumbled 11.3% to 5,781 units, following a 6.9% decrease in September; while private sector houses permits fell 2.2% to 9,430 units, after an 8.4% drop in September. Across Australia, permits decreased in New South Wales (-18.8%), Queensland (-18.7%), and Tasmania (-10.5%), while South Australia (17.6%), Victoria (5.8%), and Western Australia (5.7%) recorded increases.
2022-12-07