Data released today from the ABS shows that apartment dwelling commencements have fallen -17.3% for the June quarter compared to the same period last year.
The total number of dwelling units commenced in Australia fell -5.6% in the June 2020 quarter, in seasonally adjusted terms. The fall was driven by private sector other residential dwellings, which fell -14.1% to 15,966 dwellings in the June quarter following a rise of 8.2% in the March quarter. Private sector house commencements fell 0.8% to 25,397 dwellings in the June quarter following a rise of 2.6% in the March quarter.
The value of total building work done fell 3.8% in the June 2020 quarter, in seasonally adjusted terms. The fall was driven by new residential building work done, which fell 4.9% to $14,587.7m. Work done on new houses fell 4.7%, while new other residential building fell 5.1%. Non-residential building work done also fell 2.1% in the June quarter following a rise of 2.8% in the March quarter.
Areas with the highest growth in new houses were predominantly located in the outer suburbs of Melbourne and Sydney, such as Cranbourne East in Victoria (8,377 houses completed from the March 2016 quarter to the December 2019 quarter) and Riverstone – Marsden Park in New South Wales (8,034 houses completed).
Areas with the highest growth in new townhouses were predominantly located in middle suburbs 10-20kms outside of Melbourne and Brisbane, such as Glenroy (987 townhouses completed) and Pascoe Vale (979 townhouses completed) in Victoria.
Areas with the highest growth in new apartments were predominantly located in the inner suburbs of Melbourne and Sydney, such as Melbourne (8,533 apartments completed) and Waterloo – Beaconsfield (5,950 apartments completed) in New South Wales.
Related Articles
