General
Newly Built Units Outweighed Houses Across Australia
Based on Building Activity data released by the ABS there were more newly built units completed over the December 2016 quarter than houses, the first time on-record this has occurred.
The number of new dwellings approved for construction has recently fallen from historically high levels which will over time result in fewer commencements and completions moving forward. The latest building activity data for the December 2016 quarter, showed that dwelling commencements and completions were…
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