Construction of new houses and apartments may have slowed because of materials cost blowouts and labour shortages, but new figures show there are now about 10.9 million dwellings in Australia.

The latest Australian Bureau of Statistics (ABS) figures show dwelling stock grew 1.4% during the past financial year, with 174,147 properties added and 27,216 removed.

ABS Construction Statistics Director Daniel Rossi says NSW has the largest number of dwellings with 3.4 million properties as of June 2022.

Victoria recorded the largest increase in dwelling stock in the past financial year with a net growth of 50,310 dwellings.

The area to record the largest increase in dwelling stock is Rockbank-Mount Cottrell which is in the Melton LGA in Melbourne’s outer west. It had net growth of 2,138 dwellings while Strathnairn in Canberra’s north-west had the highest growth rate in dwellings, up 63%.

The net quarterly growth of houses, townhouses and apartments was 23,456 (0.3%), 6,713 (0.5%) and 8,361 (0.5%) respectively.