The seasonally adjusted estimate for total dwellings approved in Australia fell 8.6 percent month-over-month to 21,482 units in April 2021, unrevised from the preliminary reading and after a final 18.9 percent jump a month earlier. Private sector dwellings excluding houses decreased 28.6 percent, driven by a large fall in approved apartment developments in Victoria. Meantime, the number of private sector house approvals rose 4.6 percent, reaching a new record high. Total dwelling approvals fell in Victoria (-23.5 percent), Queensland (-14.3 percent), and Tasmania (-2.5 percent). By contrast, building permits rose in New South Wales (12.3 percent), Western Australia (5.5 percent), and South Australia (3.4 percent). source: Australian Bureau of Statistics
Building Permits in Australia averaged 0.42 percent from 1983 until 2021, reaching an all time high of 31.60 percent in May of 2012 and a record low of -22 percent in December of 2017. 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 June of 2021.
Building Permits in Australia is expected to be 6.00 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 2.50 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.