According to the latest data from the Australian Bureau of Statistics (ABS), the completion of private residential buildings fell by 4.7% in June, and the completion of non-private residential buildings fell by 5.1%. The number of non-residential construction completions rose 2.8% in March
The fastest growing areas for new homes are mainly located in the outer suburbs of Melbourne and Sydney, such as Cranbourne East in Victoria (a total of 8,377 homes were completed from March 2016 to December 2019) and Riverstone-Marsden Park in NSW (8034 homes were completed) ).
The fastest-growing areas for new townhouses are mainly in Melbourne and the suburbs 10-20 kilometers away from Brisbane, such as Glenroy (987 townhouses have been built) and Pascoe Vale (979 townhouses have been built).
The fastest growing areas for new apartments are mainly located in the suburbs of Melbourne and Sydney, of which 8,533 apartments have been built in Melbourne and 5,950 apartments have been built in Waterloo – Beaconsfield in NSW.
