The seasonally adjusted estimate for total dwellings approved in Australia increased by 4.4% month-on-month to 14,842 units in September 2024, consistent with preliminary estimates and rebounding from a 3.9% decline in August. The increase was driven by a 4.7% rise in permits for private sector dwellings excluding houses and 2.2% growth in approvals for private sector houses. On a geographical basis, total dwellings approved went up in Queensland (14.3%), Western Australia (11.4%), South Australia (8.2%), Victoria (6%), and Tasmania (0.5%). Meanwhile, total dwellings approved declined in New South Wales (-14.8%). source: Australian Bureau of Statistics

Building Permits MoM in Australia increased to 4.40 percent in September from -3.90 percent in August of 2024. Building Permits MoM in Australia averaged 0.36 percent from 1983 until 2024, reaching an all time high of 40.70 percent in February of 2022 and a record low of -30.00 percent in January of 2023. This page includes a chart with historical data for Australia Dwelling Approvals MoM. Australia Building Permits MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

Building Permits MoM in Australia increased to 4.40 percent in September from -3.90 percent in August of 2024. Building Permits MoM in Australia is expected to be 1.50 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 MoM is projected to trend around 1.10 percent in 2025 and 0.90 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-31 01:30 AM Building Permits MoM Prel Sep 4.4% -3.9% 1.7%
2024-11-07 01:30 AM Building Permits MoM Final Sep 4.4% -3.9% 4.4% 4.4%
2024-12-02 12:30 AM Building Permits MoM Prel Oct 4.4%


Related Last Previous Unit Reference
Average House Prices 973.30 957.70 AUD Thousand Jun 2024
Building Permits 14842.00 14220.00 Sep 2024
Building Permits MoM 4.40 -3.90 percent Sep 2024
Building Permits YoY 6.80 4.70 percent Sep 2024
Construction Work Done 0.10 -2.00 percent Jun 2024
CoreLogic Dwelling Prices MoM 0.30 0.40 percent Oct 2024
Home Loans MoM 18638.80 18618.70 AUD Million Sep 2024
Home Ownership Rate 66.00 66.20 percent Dec 2020
Investment Lending for Homes 11571.00 11689.00 AUD Million Sep 2024
Mortgage Rate 6.08 6.06 Percent Sep 2024
HIA New Home Sales MoM 3762.00 3758.00 Units Sep 2024
Private House Approvals MoM 2.20 2.30 percent Sep 2024
Residential Property Prices 8.60 9.60 Percent Jun 2024

Australia Building Permits 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
4.40 -3.90 40.70 -30.00 1983 - 2024 percent Monthly
SA


News Stream
Australia Building Permits Growth Confirmed at 4.4%
The seasonally adjusted estimate for total dwellings approved in Australia increased by 4.4% month-on-month to 14,842 units in September 2024, consistent with preliminary estimates and rebounding from a 3.9% decline in August. The increase was driven by a 4.7% rise in permits for private sector dwellings excluding houses and 2.2% growth in approvals for private sector houses. On a geographical basis, total dwellings approved went up in Queensland (14.3%), Western Australia (11.4%), South Australia (8.2%), Victoria (6%), and Tasmania (0.5%). Meanwhile, total dwellings approved declined in New South Wales (-14.8%).
2024-11-07
Australia Building Permits Rise 4.4% in September
The seasonally adjusted estimate for total dwellings approved in Australia increased by 4.4% month-on-month to 14,842 units in September 2024, reversing from a 3.9% decline in August. The gain was driven by a 4.7% jump in permits for private sector dwellings excluding houses and a 2.2% rise in approvals for private sector houses. On a geographical basis, total dwellings approved increased in Queensland (14.3%), Western Australia (11.4%), South Australia (8.2%), Victoria (6.0%), and Tasmania (0.5%), while falling in New South Wales (-14.8%).
2024-10-31
Australia Building Permits Slump 6.1% in August
The seasonally adjusted estimate for total dwellings approved in Australia plunged 6.1% month-over-month to 13,991 units in August 2024, matching preliminary estimates and reversing sharply from an 11.0% jump in the previous month. The decline was due to a slump in permits for private sector dwellings excluding houses (-16.5% vs. 33.0% in July) to 4,418 units, as approvals for high-density apartments remained subdued. Simultaneously, approvals for private sector houses grew more slowly (0.5% vs. 0.9%) to 9,338 units, mainly lifted by a 3.9% rise in New South Wales. Geographically, total dwellings approved declined in New South Wales (-11.5%), South Australia (-11.5%), Tasmania (-4.4%), Queensland (-3.9%), Western Australia (-3.3%), and Victoria (-3.0%).
2024-10-10