Australia Private House Approvals m/m

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Low 0.5%
0.9%
Last release Importance Actual Forecast
Previous
0.5%
Next release Actual Forecast
Previous
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Australia Private House Approvals m/m show a change in the number of approvals for the construction of private houses granted by the country's state authorities in the reported month compared to the previous one.

The calculation includes the following:

  • New building construction approvals
  • Approvals for alterations and additions to existing buildings
  • Approvals for repair and construction works

The statistics include approvals for the construction of private residential buildings worth $10,000 or more.

Data for calculation are collected from local government bodies and certifying agencies. Figures are seasonally adjusted, because construction intensity is traditionally higher in some periods. Thus, the seasonal adjustment allows for a more correct month-to-month comparison of data.

The value reflects current demand for housing. It is considered to be a leading indicator of national construction industry activity: an increase in the number of construction approvals will subsequently lead to an increase in projects. Also, the indicator may indirectly affect the banking sector (due to mortgage loans).

However, there is another possible interpretation of the indicator, because an excessive supply in the residential housing market can have a negative effect on prices in the long term.

Last values:

actual data

The chart of the entire available history of the "Australia Private House Approvals m/m" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2024
0.5%
0.9%
Jul 2024
0.6%
0.3%
Jun 2024
-0.5%
1.9%
May 2024
2.1%
-0.3%
Apr 2024
-1.6%
4.0%
Mar 2024
3.8%
12.4%
Feb 2024
10.7%
-9.9%
Jan 2024
-9.9%
-1.8%
Dec 2023
-0.5%
-4.3%
Nov 2023
-1.7%
2.9%
Oct 2023
2.2%
-4.7%
Sep 2023
-4.6%
7.2%
Aug 2023
5.8%
0.4%
Jul 2023
0.1%
-1.0%
Jun 2023
-1.3%
0.8%
May 2023
0.9%
-3.0%
Apr 2023
-3.8%
-3.7%
Mar 2023
-2.8%
11.3%
Feb 2023
11.3%
-13.5%
Jan 2023
-13.8%
-2.1%
Dec 2022
-2.3%
-2.5%
Nov 2022
-2.5%
-1.1%
Oct 2022
-2.2%
-8.5%
Sep 2022
-7.8%
4.8%
Aug 2022
4.1%
0.8%
Jul 2022
0.7%
1.6%
Jun 2022
1.2%
-2.1%
May 2022
-2.7%
-0.2%
Apr 2022
0.5%
-3.9%
Mar 2022
-3.0%
14.6%
Feb 2022
16.5%
-16.3%
Jan 2022
-17.5%
-0.3%
Dec 2021
-1.8%
-1.6%
Nov 2021
1.4%
3.5%
Oct 2021
4.3%
-14.8%
Sep 2021
-16.0%
3.7%
Aug 2021
3.5%
-5.5%
Jul 2021
-5.8%
-10.1%
Jun 2021
-11.8%
-10.3%
May 2021
-10.3%
5.9%
Apr 2021
4.6%
2.0%
Mar 2021
0.1%
14.9%
Feb 2021
15.1%
-11.8%
Jan 2021
-12.2%
17.1%
Dec 2020
15.8%
6.6%
Nov 2020
6.1%
3.1%
Oct 2020
3.1%
10.8%
Sep 2020
9.7%
4.4%
Aug 2020
4.8%
8.6%
Jul 2020
8.5%
-4.9%

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