Australia’s dwelling construction boom looks cooked

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By Leith van Onselen

The ABS has released dwelling construction data for the June quarter of 2017, which recorded falls in both annual dwelling commencements and completions.

According to the ABS, the number of dwelling commencements rebounded by a seasonally-adjusted 1.2% over the June quarter but were down by 8.0% over the year. Detached house commencements rose by 3.3% over the quarter but were down by 7.1% over the year, whereas unit commencements fell by 0.8% over the quarter and were down by 6.6% over the year:

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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.