Building Approvals

  • November 2022

    January 9, 2023

    Dwelling approvals fell a seasonally adjusted 9.0% in November following a 5.6% drop in October to be down 15.1% YoY.

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  • October 2022

    November 30, 2022

    Dwelling approvals fell a seasonally adjusted 6.0% in October.

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  • September 2022

    November 2, 2022

    The number of dwelling approvals fell a seasonally adjusted 5.8% in September (exp.: -10.0%), following an 23.1% rise in August.
    Approvals continue to unwind from the boom driven by government homebuilder grants and record low interest rates.

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  • August 2022

    October 4, 2022

    The number of dwelling approvals bounced back a seasonally adjusted 28.1% in August (exp.: +10.0%), following an 18.2% drop in July.

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  • July 2022

    August 30, 2022

    The number of dwelling approvals dropped a seasonally adjusted 17.2% in July, against a 2.1% decline expected by the markets.

    The July drop was driven by consents for private sector dwellings excluding houses, which saw a 43.5% plunge and reached the lowest level since January 2012.

    Private sector house approvals saw a slight 0.7% uptick, which was the second monthly gain in a row.

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  • June 2022

    August 2, 2022

    The number of dwelling approvals slipped a seasonally adjusted 0.7% in June, following an 11.2% rise in May (revised from 9.9%). Market expectations were for a 5.0% fall.

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