A long-held debate as to the health or otherwise of the residential construction boom was settled decisively today with records tumbling all over the place

Pete Wargent

Buyers Buyers

A long-held debate as to the health or otherwise of the residential construction boom was settled decisively today with records tumbling all over the place. The ABS Building Approvals figures for January 2015 shattered all manner of records, with the rolling annual number of dwelling units soaring to easily the highest level ever recorded at 203,182 on a seasonally adjusted basis. The value of residential building jobs approved is also at record highs both on a monthly and a rolling annual basis. But the most striking point of all in this data is the sheer and unprecedented volume of units and apartments being approved for construction - predominantly in Melbourne, Sydney and Brisbane. I charted the key trends and added my thoughts and commentary on oversupply risk here. (VIEW LINK)


Pete Wargent
Co-Founder
Buyers Buyers

Co-founder of BuyersBuyers - "the better way to buy property". Veteran property market analyst and Proptech co-founder.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.