Housing Accord Falls Short as Construction Activity Slows in Australia
- brg_news_room
- Oct 16
- 1 min read
AUSTRALIA: Australia’s construction sector closed the 2024–25 financial year on a subdued note, with the latest ABS Building Activity data for the June 2025 quarter revealing a decline in both dwelling commencements and completions, highlighting growing concerns that progress under the National Housing Accord is already falling behind schedule. According to the Australian Bureau of Statistics (ABS), dwelling commencements dropped by 4.4% to 45,156 during the June quarter, signaling a sluggish beginning for the first year of the federal government’s National Housing Accord (July 2024–June 2025).
Master Builders’ chief economist, Shane Garrett, noted that detached house starts decreased by 6.4%, marking their weakest performance since March 2024, while higher-density commencements also slipped by 1.7%. Despite the downturn in new starts, the construction pipeline remains robust by historical standards, with 223,922 dwellings under construction in the June quarter, including 84,760 new houses. This ongoing pipeline indicates sustained underlying demand and continued opportunities for financing as these projects advance toward completion.
Source: ABS Data
