The ABS has released dwelling construction data for the December quarter of 2015, which suggests that Australia’s record dwelling construction boom may already have peaked.
According to the ABS, the number of dwelling commencements fell by a seasonally-adjusted 5.1% over the December quarter but were up by 8.0% over the year. Detached house commencements fell by 5.7% over the quarter and were down by 5.8% over the year, whereas unit commencements fell by 4.2% over the quarter but were up by 27.6% over the year (see below charts).
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