FX.co ★ Australia’s Building Approvals Growth Slumps to Near Standstill in December

Australia’s building approvals growth slowed sharply in December 2025, with the year-over-year increase easing to just 0.40%, according to data updated on 3 February 2026. This marks a steep deceleration from November 2025, when approvals surged 19.40% compared with the same month a year earlier.

The data are based on a year-over-year comparison, measuring how building approvals in each reported month stack up against the corresponding month in the previous year. While November’s figure pointed to robust momentum in construction activity, December’s near-flat reading suggests that this strength may have been short-lived, raising questions about the durability of Australia’s building pipeline heading into 2026.