Apartment building continues to fluctuate, according to data released this week by the Australian Bureau of Statistics.
The latest figures show that the total number of dwellings commenced in Australia fell 1.1% to 40,293 in the June quarter, in seasonally adjusted terms.
Work started on new multi-unit homes drove the fall, dropping 7.4% to 13,756, following a rise of 1.4% in the March quarter.
House starts, on the other hand, rose 1.7% to 25,732 following a rise of 5.7% in the previous quarter.
There were 221,533 total sector dwellings under construction in the June quarter, of which 88,235 were new houses.
In seasonally adjusted terms, 44,853 homes were completed in the June quarter.
New houses accounted for 28,228 of those homes, rising 11.4% from March to be up 3.5% since June 2023. In the same period, new multi-unit completions rose 0.4% to 15,691.
The value of new residential building fell 0.4% in the June quarter to $17.1b, following an increase of 0.6% in the March quarter, in seasonally adjusted terms.
Work done on alterations and additions to residential buildings rose 0.6% to $2.8 billion.
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