Beware the building boom

An unprecedented building boom is underway in Australia but, as Gaurav Sodhi explains, this time it is different. 

Australia is in the middle of a construction boom. Over the past six months, more than 100,000 new dwellings have been approved, taking the annual run rate to about 220,000 new dwellings. That’s the fastest pace of home construction in twenty years.

Yet peer a little closer into the data and it’s clear that there are two distinct construction markets in Australia: high rise apartments and freestanding houses.

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