Antipodean Macro

Antipodean Macro

Only Charts

ONLY CHARTS #606

Aus building activity, RBNZ OCR

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Antipodean Macro
Jul 08, 2026
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1. The number of dwelling commencements in Australia fell 11.2% q/q in Q1 to an annualised 192k.

Detached house starts declined 3.6% q/q while higher-density starts fell 19.8% q/q.

2. The number of dwellings actually completed in Australia in Q1 fell 0.4% q/q to an annualised 175.3k.

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