It is widely reported that Australia needs a protracted housing construction cycle to help offset the mining capex slowdown. And we are having a longer than usual new dwelling construction upturn. Dwelling approvals are presently at an all-time high. It is also understood that this upturn is somewhat widely spread – unlike, say, dwelling price escalation, which is largely limited to Sydney, Melbourne & to some degree now, SEQ.
Finally, again, it has been widely reported that there are now nearly as many new apartments (well, technically attached dwellings) being built across Australia as new detached homes. But what isn’t understood is exactly where new dwelling starts actually take place within our major urban areas.
Many would think it is all downtown. They are wrong. Housing starts
