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Dwelling approvals bounce in November but don’t expect it to continue

According to the Australian Bureau of Statistics (ABS) November 2016 building approvals data there were 17,569 houses and units approved for construction across the country over the month.  Based on the seasonally adjusted series, the number of dwelling approvals rose by 7.0% over the month due to a substantial rebound in unit approvals.  Despite an […]

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Stock levels remain well below average across the hot housing markets, but are close to record levels in Perth and Darwin.

With the spring ‘selling season’ done and dusted and Christmas rapidly approaching, it is worthwhile having a look at how stock levels have tracked over the season and year relative to previous years. One of the key facets of the housing market over the last year has been the shortage of advertised stock that has […]

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Sharp fall in unit approvals in October likely marks the peak of the residential construction cycle

The Australian Bureau of Statistics October dwelling approvals data likely marks a significant turning point for unit supply, with the latest numbers showing unit approvals have plunged to their lowest levels in 2 years. The October data showed unit approvals have consistently trended lower since reaching a recent high point in July earlier this year. […]

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The slide in construction work done continues over the September 2016 quarter

The Australian Bureau of Statistics (ABS) released data on construction work done over the September 2016 quarter earlier this week.  The data showed that the value of work done fell to its lowest level since December 2010. Over the September 2016 quarter, $46.1 billion worth of construction was completed.  The $46.1 billion in work was […]

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Auction clearance rates are not fading through Spring like they have in previous years

We all know Spring as supposedly the best time to be bringing your home to the market.  What is often forgotten is that if everyone acts in the same way looking to sell during Spring, there is a lot more competition amongst vendors and it can be more difficult to sell.  In fact, looking at […]

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Mortgage demand from investors continues to lift

The September 2016 housing finance data was released earlier today by the Australian Bureau of Statistics (ABS).  The data showed that there were $32.3 billion worth of housing finance commitments in September 2016 nationally which was the highest monthly value since June 2016.  The value of housing finance commitments increased by 2.3% over the month […]

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Dwelling approvals ease in September on the back of a large fall in unit approvals

Building approvals data for September 2016 was released earlier this week from the Australian Bureau of Statistics (ABS).  In September, there were 18,945 dwellings approved for construction nationally which was the fewest monthly approvals since November 2015.  Dwelling approvals fell by -8.7% over the month and were -6.4% lower year-on-year. Looking specifically at house approvals, […]

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The differences between unit supply in Sydney compared with Melbourne and Brisbane

In the recently released Financial Stability Review (FSR) the Reserve Bank (RBA) talked about the supply risks surrounding the inner city apartment markets however, they did point to the fact that they see more potential risk in Melbourne and Brisbane.  In this blog we explore the differences in pending apartment supply across the key capital […]

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Investor housing demand rises as owner occupier fades

Earlier this week, housing finance data for August 2016 was released by the Australian Bureau of Statistics (ABS).  Over the month there was $31.4 billion worth of housing finance commitments which was -1.0% lower over the month and -5.1% lower than it was at its peak in April 2015. The $31.4 billion worth of commitments […]

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Although dwelling approvals fell in August they remain at very high levels

Earlier today the Australian Bureau of Statistics released the latest building approvals data for August 2016.  The data showed that the strength in residential dwelling approvals is continuing.  Over the month there were 20,788 dwellings approved for construction which was a moderate -1.8% lower over the month but 10.1% higher than the number in August […]

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