The ABS has released dwelling construction data for the June quarter, which recorded a sharp fall in commencements but an increase in completions.
According to the ABS, the number of dwelling commencements fell by a seasonally-adjusted 5.9% over the June quarter but were up by 4.5% over the year. Detached house commencements fell by 3.8% over the quarter but rose by 3.4% over the year, whereas unit commencements fell by 7.5% over the quarter but rose by 6.8% over the year: