Industry Indicators

Building Activity

68,355

Buildings Still Under Construction as of 31st March 2024

51,512

Building Work Commencements during year to March Quarter 2024

55,773

Building Work Completions during year to March Quarter 2024

874 Multi-unit

-54.8% change on June 2023

2,896 Detached

+9.6% Change on June 2023

House Prices

Melbourne: 0.2%

Regional VIC: -1%

Unit Prices

Melbourne: 0.4%

Regional VIC: -1.6%

  • 808 Non-residential Building Jobs valued at $1.03M were Approved
  • $1.27M Average Value of non-residential Building Jobs Approved
  • 16.9% Public Sector share of non-residential Building Jobs Approved

Employment & Training

14% Account for Women Working in Construction

9.9% of Victorian
Jobs are in Construction

7,486 Apprentice Plumbers in Training

9,498 Apprentice Carpenters in Training

13,068 New Apprentice Starts

6,331 Apprentice Completions

32,445

Apprentices in-training

Learning Indicators

Loans to Owner Occupiers for new home construction:

Loans to Owner Occupiers for residential land purchase:

Loans to Investors for new home construction:

Loans to Investors for residential land purchase:

Economic Update & Material Price Index