There’s still life in the dwelling construction dog

Wednesday 13 July 2016

The ABS has released dwelling construction data for the March quarter of 2016, which suggests that Australia’s record dwelling construction boom is peaking.

According to the ABS, the number of dwelling commencements rose by a seasonally-adjusted 5.7% over the March quarter and were up by 6.9% over the year. Detached house commencements rose by just 0.2% over the quarter but were down by 5.7% over the year, whereas unit commencements jumped by 11.5% over the quarter and were up by 21.1% over the year (see below charts).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.