The LIFETIME HOMES building boom is here.
A year ago, more than 3,500 homes were completed and a further 1,800 homes were on the way.
Today, a record number of new homes have been built in Australia, more housing than at any time since the Great Depression.
The number of homes built per household has been rising steadily for the past few years, with an average of 1,200 new dwellings completed per household in 2016 and 1,100 per household a year later.
The latest figures from the National Housing and Housing Sector (NHS) show that more than 2,100 new dwellings were completed in 2017.
The most recent figures, released by the Australian Bureau of Statistics (ABS) on Thursday, show that 2,878 dwellings were finished last year.
The increase of about 50 per cent in the number of dwellings completed is partly due to the introduction of the National Dwelling Strategy, which aims to build about 2,000 new dwellings per annum by 2020.
The strategy has been criticised by some quarters for its impact on supply and demand, particularly in light of the rising cost of housing, but is expected to bring about the biggest increase in dwelling completions in the housing market since the early 1980s.
This is due to a number of factors, including the continued strength of the economy and a number, including a higher demand for new dwellings.