On Wednesday, the Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions. Over the June quarter, 40,300 dwellings commenced construction, nearly one-third below the Albanese government’s five-year 1.2 million housing target, which requires 60,000 dwellings to be constructed every quarter. In the 2023-24 financial year, only 158,750 dwellings commenced construction, 81,250
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