No matter which big city in Australia you visit Sydney, Melbourne or Brisbane its easy to see that the apartment construction boom is well and truely underway across the eastern seaboard.
With skylines dominated by cranes in Australia’s largest cities, we only need to look up to get an idea of the extent of the apartment boom, and data backs up this view.
Recent data from CoreLogic, citing figures from the Australian Bureau of Statistics, showed a record number of apartment buildings going up in NSW, Victoria and Queensland.
The chart above from CoreLogic depicts the current situation. In the March quarter of this year approximately 29,987 apartments commenced construction, which was much higher than the number of houses – 25,122, the first time that apartment construction outnumbered houses in any quarter. For more go to http://www.businessinsider.com.au/3-charts-that-show-australias-high-rise-construction-boom-is-scaling-to-new-heights-2016-7
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