Urban planning
The Australian home building industry is seeing a drop in new builds and a boom in renovations
...new build figures are worse than at first glance
Included in the ‘new home builds’ numbers are the demolition of detached properties that are then replaced with a new single-family home, which is known as one-for-one replacement.
These one-for-one replacements accounts for almost 10% of new home builds across Australia...
