Australia Building Permits Confirmed to Drop 8.2%

The seasonally adjusted number of total dwellings approved in Australia dropped by 8.2% month-over-month to 15,769 units in July 2025, confirming preliminary estimates and reversing a 12.2% increase in June. The decline was largely due to a sharp fall in approvals for private sector dwellings excluding houses (-22.3% vs 33.5% in June). In contrast, approvals for private sector houses rose by 1.1%, after a 1.9% drop in the previous month. By state, approvals fell in New South Wales (-24.6%) and South Australia (-1.3%), while increased in Tasmania (12.2%), Western Australia (11.8%), Queensland (5.9%), and Victoria (0.7%). On a yearly basis, total dwellings approved rose by 6.6%, slowing from a 28.0% growth in the previous month.