The Latest Dwellings Under Construction Data Highlights A Growing Settlement Risk Across The Melbourne And Sydney Unit Markets

The Australian Bureau of Statistics published building activity data this week which showed there were 227,122 dwellings under construction nationally, only slightly lower (0.6%) than the record high set over the March quarter earlier this year.  69% of these dwellings were classified as ‘other residential projects’ which are predominantly apartments.  Three quarters of these new apartment projects are located in New South Wales (66,511) and Victoria (50,085).

Many of…