Building permits in Australia declined by 10.6 percent year-on-year to 12,668 units in July 2023, easing from an 18.0 percent slump in the previous month. Permits have been falling uninterruptedly for 22 months. source: Australian Bureau of Statistics
Building Permits YoY in Australia averaged 2.26 percent from 1984 until 2023, reaching an all time high of 63.80 percent in August of 2001 and a record low of -43.30 percent in February of 2001. This page includes a chart with historical data for Australia Building Permits YoY. Australia Building Permits YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.
Building Permits YoY in Australia is expected to be -4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Building Permits YoY is projected to trend around 4.00 percent in 2024 and 2.60 percent in 2025, according to our econometric models.