Building permits in Australia unexpectedly jumped 8.3 percent month-on-month to 18,995 units in February of 2017 from an upwardly revised 2.2 percent rise in January and beating markets expectations of a 0.5 percent drop. It was the second straight month of increase and the fastest since July 2016, as dwelling approvals went up for private sector houses excluding houses (10.9 percent to 9,381 units) and private sector houses (5.3 percent from 9,330 units). Year-on-year, total dwelling approvals fell 4.9 percent. Building Permits in Australia averaged 0.36 percent from 1983 until 2017, reaching an all time high of 31.20 percent in May of 2012 and a record low of -22.20 percent in July of 2012.
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In Australia, Building Permits show the monthly change in the number of total dwelling units approved, including building activity carried out on existing buildings. This page provides the latest reported value for – Australia Building Permits – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Building Permits – actual data, historical chart and calendar of releases – was last updated on April of 2017.