Last week’s dwelling construction data was an absolute disaster.
In the June quarter of 2025, only 40,524 homes completed construction, which was the weakest quarter of dwelling completions for 11 years (i.e., since the March quarter of 2014).
In the 2024-25 financial year, total dwelling completions fell by 2% to 174,030, from 177,600 the previous financial year.
