The seasonally adjusted estimate for total dwellings approved in Australia declined by 8.1% month-over-month to 12,668 units in July 2023, worse than market forecasts of a 0.8% fall and after a revised 7.9% drop in the prior month, flash data showed. This was the fourth time of decrease in building permits so far this year and the steepest fall since January, mainly due to weakness in approvals for private sector dwellings excluding houses (-15.8% vs -21.9% in June). In the meantime, permits for private sector houses remained flat (0.1% vs -1.0%). Approvals fell in most states, namely Victoria (-18.3%), Queensland (-5.5%), Western Australia (-5.2%), New South Wales (-4.7%), and South Australia (-2.6%). Meantime, permits in Tasmania rose 39.5% after falling 36.6% in June. Through the year to July, dwellings approved dropped 10.6%, slower than an 18.0% tumble in June. source: Australian Bureau of Statistics

Building Permits MoM in Australia averaged 0.33 percent from 1983 until 2023, reaching an all time high of 39.30 percent in February of 2022 and a record low of -28.30 percent in January of 2023. 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 August of 2023.

Building Permits MoM in Australia is expected to be 0.80 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 Reference Actual Previous Consensus TEForecast
2023-08-08 01:30 AM Building Permits MoM Final Jun -7.7% 20.5% -7.7% -7.7%
2023-08-30 01:30 AM Building Permits MoM Prel Jul -8.1% -7.9% -0.8% -0.8%
2023-09-07 01:30 AM Building Permits MoM Final Jul -7.9% -8.1% -8.1%

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
-8.10 -7.90 39.30 -28.30 1983 - 2023 percent Monthly
SA

News Stream
Australia Building Permits Fall More than Expected
The seasonally adjusted estimate for total dwellings approved in Australia declined by 8.1% month-over-month to 12,668 units in July 2023, worse than market forecasts of a 0.8% fall and after a revised 7.9% drop in the prior month, flash data showed. This was the fourth time of decrease in building permits so far this year and the steepest fall since January, mainly due to weakness in approvals for private sector dwellings excluding houses (-15.8% vs -21.9% in June). In the meantime, permits for private sector houses remained flat (0.1% vs -1.0%). Approvals fell in most states, namely Victoria (-18.3%), Queensland (-5.5%), Western Australia (-5.2%), New South Wales (-4.7%), and South Australia (-2.6%). Meantime, permits in Tasmania rose 39.5% after falling 36.6% in June. Through the year to July, dwellings approved dropped 10.6%, slower than an 18.0% tumble in June.
2023-08-30
Australia Building Permits Fall for 3rd Time This Year
The seasonally adjusted estimate for total dwellings approved in Australia dropped by 7.7 percent month-over-month to 13,808 units in June 2023, unrevised from the flash figure and shifting from a 20.5 percent jump a month earlier. This was the third time of decline in building permits so far this year and the steepest fall since January, squeezed by declines in approvals for both private sector dwellings excluding houses (-21.0% vs 60.4% in May) and those of private sector house (-1.3% vs 0.8%). Permits fell in New South Wales (-44.9%) and Tasmania (-35.6%) while increased in Queensland (28.3%), Victoria (26.4%), Western Australia (8.7%), and South Australia (0.8%). Through the year to June, dwellings approved slumped 18.0% in June, much faster than a 9.8 percent decline in May.
2023-08-08
Australia Building Permits Decline in June
The seasonally adjusted estimate for total dwellings approved in Australia declined 7.7% month-on-month to 13,808 units in June 2023, shifting from a revised 20.5% increase in May, a preliminary estimate showed. This was the sharpest fall in building approvals since January, driven mainly by a 21% drop in private sector dwellings excluding houses to 5,229 units. Private sector houses also fell 1.3% to 8,048 units. On a geographical basis, total dwelling approvals fell sharply in New South Wales (-44.9%) and Tasmania (-35.6%). Meanwhile, total dwelling approvals rose in Queensland (28.3%), Victoria (26.4%), Western Australia (8.7%) and South Australia (0.8%).
2023-08-01