Victorian building permits a record $38.4 billion in FY2017–18
Victoria recorded its highest-ever number of building permits and highest-ever value of building work in a year during the 12 months to 30 June 2018.
Victorian Building Authority data shows that a record 114,803 building permits, for building work valued at $38.4 billion, were reported across the state in the 2017–18 financial year.
At $38.4 billion, the value of building work during the 12 months was 17.3 per cent higher than the $32.8 billion recorded in the previous financial year. The previous highest number of building permits in a financial year was 113,669 reported in 2009-10, one per cent fewer than this year’s total.
Read more in the VBA’s media release.