Breaking News

Australia Private House Approvals

Latest Release

Jan 14, 2025

Actual

-1.7%

Forecast

-1.7%

-4.0%

Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market. Rising number of new construction starts or value of construction completed reflects higher consumer and business optimism. Expanding construction indicates growth in the housing market and predicts an increase in the overall economy. However, an excessive supply of new buildings may result in a drop in housing prices. The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.Statistics of building work approved are compiled from: permits issued by local government authorities; contracts let or day labour work authorised by Commonwealth, State, semi-government and local government authorities; major building activity in areas not subject to normal administrative approval e.g. building on remote mine sites.

Importance:

Country:

Currency: AUD

Source: Australian Bureau of Statistic...

Release Date	Time	Actual	Forecast	Previous
Feb 03, 2025 (Dec)	11:30			-1.7%
Jan 14, 2025 (Nov)	11:30	-1.7%	-1.7%	-4.0%
Jan 07, 2025 (Nov)	11:30	-1.7%		-4.0%
Dec 09, 2024 (Oct)	11:30	-5.2%	-5.2%	4.1%
Dec 02, 2024 (Oct)	11:30	-5.2%		2.2%
Nov 07, 2024	11:30	2.2%		2.3%

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Analysis

Total dwellings approved fell 18.5% in March, driven by dwindling development By Rachel Horan - May 06, 2022

Private sector housing fell 3% while private sector dwellings excluding houses fell 29.9% according to the latest ABS data.This means that attached dwellings - including apartments, townhouses and...

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