The total number of building approvals in Australia was up a seasonally adjusted 10.8 percent on month in July, the Australian Bureau of Statistics said on Monday, standing at 14,304.

That beat forecasts for an increase of 4.0 percent following the upwardly revised 6.3 percent contraction in June (originally -6.9 percent).

On a yearly basis, building approvals surged 28.3 percent - also beating expectations for a jump of 20.0 percent following the upwardly revised 11.8 percent decline in the previous month (originally -13.0 percent).

Private sector building approvals were up 3.9 percent on month and 12.0 percent on year to 8,309.