Building permits worth $44.6 billion were issued in 2021

More than 12,700 building permits were issued in 2021, the first time domestic permits have topped 100,000 in a calendar year in Victoria.

Victorian Building Authority (VBA) data shows 127,792 building permits, worth $44.6 billion were issued in 2021, an increase of more than 14,000 (or 12.66 per cent) from the previous year.

The cost of domestic building permits issued increased by more than $4.3 billion, up from 96,367 in 2020 to 109,367 in 2021.

The number of permits issued increased in all parts of the state, with the biggest increase seen in the outer suburbs of Melbourne, followed by the North Central region and Gippsland.

 

Read more at Inside Construction