Today’s ABS data on new dwelling commencements and completions up until December 2025 shows some promising signs across the nation in terms of new build commencements.
However – seeing this translate into completed new homes is now at risk.
Almost every line item involved with the delivery of new housing has spiked since the Middle East crisis began. Today’s ABS data pre-dates the war in the Iran and the two increases in interest rates (which occurred in early February and in mid-March, 2026).
Developers, quantity surveyors and cost estimators are all reporting a spike in construction costs of between 10 and 15% since the start of the year.
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