The September quarter of 2014 saw Australians begin building more new homes in than in any other quarter since records began, according to numbers released by The Australian Bureau of Statistics.
The total number of homes that began construction during Q3 2014 rose 12.5% to reach a new record of 52,380. Detached dwelling commencements rose by 0.8%, while ‘other dwellings,’ primarily multi-unit dwellings, rose by 30.2%.
New South Wales, Victoria, Queensland and Western Australia, the country’s four largest states, all showed their strongest quarters on record for building activity and the only state to see a fall in activity was South Australia.
Shane Garrett explains, senior economist for the Housing Industry Association, said: “Part of the particularly strong September result can be attributed to a catch-up after the rather disappointing result in the June quarter, when the number of starts fell well short of expectations” and went on to say that the reported rise “confirms that residential building activity was tracking along at a very strong level during 2014”.