Australia: First quarter typically low in dwelling permits

As expected, the Australian dwelling completions were rather low at 48.241 units in the first quarter of 2017. They still are 17,20% over 2016´s annual average, but had the lowest value since the first quarter of 2016. In comparison to the last 10 years the highest value was 63.380 units in the fourth quarter of 2016 and the lowest value was 29.692 in the first quarter of 2012. In comparison to the year before the value increased by 23,70% and in comparison to the last period the value decreased by -23,90%.