Construction boom
At the last count - in the quarter ended September 2017 - there were 219,741 dwellings are under construction in Australia.
And that includes some 87,048 across New South Wales, mainly in Sydney.
There has been a swather completions hitting the market in more recent months, especially in Queensland, and that will continue for a little while yet.
In particular there have high volumes of high-density stock coming online since September.
See here for more.
