Nominal Gross Fixed Capital Formation, Dwellings for Australia
NFIDNSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,853.00
Year-over-Year Change
37.16%
Date Range
7/1/1959 - 7/1/2023
Summary
This trend measures the value of new residential construction in Australia, a key indicator of economic investment and housing market activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Nominal Gross Fixed Capital Formation, Dwellings is a measure of the total value of new residential construction in Australia, including both single-family and multi-unit housing. It is a widely tracked indicator of investment in the Australian housing market and overall economic conditions.
Methodology
The data is collected through surveys of construction firms and other industry sources by the Australian Bureau of Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of the Australian housing sector and broader macroeconomic trends.
Key Facts
- Australia's nominal residential investment reached a record high in 2022.
- The data is reported on a quarterly basis by the Australian Bureau of Statistics.
- Residential investment accounts for around 6% of Australia's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of new residential construction in Australia, including both single-family and multi-unit housing projects.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of investment in the Australian housing market and overall economic conditions, providing insight into construction activity, housing demand, and broader macroeconomic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and other industry sources by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Australian housing sector and make informed decisions about fiscal, monetary, and housing policy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a typical 1-2 month delay, so it may not reflect the most recent conditions in the housing market.
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Citation
U.S. Federal Reserve, Nominal Gross Fixed Capital Formation, Dwellings for Australia (NFIDNSAXDCAUQ), retrieved from FRED.