In n the December 2016 quarter, 28,102 n

In n the December 2016 quarter, 28,102 new houses were completed compared with 28,527 new units.
“This marked the first quarter on record where more new units had been completed than new houses,” said Cameron Kusher, head of research at CoreLogic.
In terms of dwelling commencements, 28,690 new houses commenced construction during the quarter, compared with 27,887 new units.
The number of new dwellings approved for construction recently fell from historical highs, according to ABS data, but during the December 2016, both dwelling commencements and completions were actually higher.
Dwelling commencements rose by 0.3 per cent in the December quarter.
“While the strong level of activity at a national level continues to paint a rosy picture for the state of play in the sector, the disparities between states continue to play out,” said HIA Economist, Geordan Murray.
Dwelling commencement during the December quarter were as follows
in NSW (down by 0.2 per cent)
Victoria (up by 7.6 per cent)
Queensland (down by 19.3 per cent)
South Australia (up by 2.8 per cent)
Western Australia (down by 8.0 per cent)
Tasmania (down by 5.3 per cent)
Northern Territory (up by 41 per cent)
and the ACT (up 142.5 per cent).
And for the year to December, dwelling starts were higher than the decade average in all the states and territories except the Northern Territory (down 24.8 per cent), Tasmania (down 19.1 per cent), and Western Australia (down 10.7 per cent).
Starts were at record highs in NSW (75,882) and 88 per cent above the decade average. In Queensland starts fell from 21 year highs to 48,031 but were still 30 per cent above decade averages.
“New dwelling starts hit an all-time high in the March quarter of 2016, eased back from the peak during the middle part of the year and then improved slightly in the December quarter,” said Murray. #propertymanager


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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085.
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