The ABS has released dwelling construction data for the September 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 5.7% over the September quarter and were down by 2.2% over the year. Detached house commencements fell by 4.5% over the quarter but rose by 0.7% over the year, whereas unit commencements fell by 7.3% over the quarter and by 5.7% over the year:
