Dwelling completions rocket in June quarter

Wednesday 12 October 2016

The ABS has released dwelling construction data for the June quarter of 2016, which recorded a mammoth increase in actual construction.

According to the ABS, the number of dwelling commencements fell by a seasonally-adjusted 9.5% over the June quarter and were down by 4.0% over the year. Detached house commencements rose by 6.9% over the quarter and were up by 5.6% over the year, but this was more than offset by unit commencements, which fell by 25.2% over the quarter and were down by 15.0% 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.