Home builds in the A.C.T. have stalled

According to data from KPMG – The number of dwellings that were approved but construction had not commenced rose to 1777 in the December 2023 quarter

While Canberra made up a small portion of the country’s approved dwellings, the capital’s lagging construction activity – drove the national figures 20 per cent higher than the five-year average

The report suggests, it’s amid  high construction costs and reduced borrowing power among buyers

Among the stalled projects in Canberra is a plan for 16 public housing units in Kingston, which was approved in 2021.

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