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In the September quarter 2025, projects comprising 1,719 multi-unit dwellings commenced construction across the Territory, marking the third-strongest quarter on record for multi-unit dwelling starts in the ACT.
Geordan Murray, HIA Executive Director ACT & Southern NSW, said the result was encouraging but should be interpreted with caution.
“This is a very strong result for multi-unit construction in the ACT, and on the face of it, it’s a welcome sign that larger projects are finally moving through the pipeline.”
Mr Murray said the timing of the uplift suggested it may not reflect a sustained improvement in market conditions.
“It’s quite possible that some developers have brought projects forward to get ahead of the commencement of the Government’s Developer Licensing Scheme. If that’s the case, this spike may be more about timing than a genuine recovery in confidence.”
The data also highlights a stark divergence between apartment construction and detached housing.
“What’s particularly concerning is that there has been no comparable pickup in detached house starts. Commencements in the quarter were only fractionally above the very low levels recorded a year earlier, which shows how weak conditions remain in the detached housing market.
“Apartments and townhouses will play a vital role in meeting housing demand, especially as Canberra pursues infill and density targets. But the disconnect between multi-unit and detached housing activity shows just how fragile the broader supply pipeline still is.
“The real test will be whether this rebound can be sustained once new regulatory settings are in place, or whether we see activity fall away again,” Mr Murray concluded.
Discover the key air conditioning considerations for builders and homeowners, including system selection, energy efficiency, zoning, comfort, installation planning and long-term performance in new homes.
“The Housing Industry Association welcomes today’s announcement by the NSW Government of the expansion of the Pre-sale Finance Guarantee” said Brad Armitage, Executive Director NSW.
“Residential land prices increased by 1.5 per cent in the final quarter of 2025 to be 9.4 per cent higher over the year, increasing almost three times faster than consumer prices over the same period,” stated HIA Senior Economist Tom Devitt.
This Values Statement sets out HIA's position in relation to the core beliefs and principles that should guide the residential construction industry, shaping how it operates, conducts business, and interacts with all stakeholders.