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New private dwelling completions, seasonally adjusted, September 2011 to June 2020

COVID-19Housing & homelessness

This graph reflects a boom in private dwelling construction, corresponding to waves of investor finance over the period. Since 2018, the pipeline of new dwellings has contracted, and particularly since March 2020. There appears to be a reorientation towards detached homes, but given the natural month-to-month fluctuation in apartment and unit approvals, and notwithstanding the months immediately following the implementation of COVID-19 restrictions, it is too soon, given the data within this graph, to determine whether this is a lasting trend.

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