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Capital city vacant land selling prices continue to rise as prices fall in regional Australia

The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen.  The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years. Throughout 2016, the median selling price […]

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Has developer confidence taken a hit as dwelling commencements sag?

Building Activity data for September 2016 was released earlier today by the Bureau of Statistics.  While this is not one of the major economic releases each quarter, it does include a lot of really important data relating to housing construction.  Therefore, it is important to unpack the release and have a look at what the […]

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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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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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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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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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Victoria remains the powerhouse of population growth

Demographic data for the March 2016 quarter was released last week from the Australian Bureau of Statistics (ABS).  The data showed that over the 12 months the national population increased by 1.4% which translates into an increase of 327,610 persons. Looking at the two components of national population growth, they show that over the year […]

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Units are increasingly making up a higher proportion of overall stock available for sale, largely driven by the nation’s two largest capital cities

Over recent years, the Australian Bureau of Statistics (ABS) has shown that as a proportion of overall dwelling approvals, attached dwellings (high/low rise apartments and townhouses) are increasing. As shown below, the proportion of attached dwellings, based on overall approvals has been trending upwards, and approximately half of all approvals are now for attached stock. […]

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Dwelling approvals continue to trend lower but remain at elevated levels

The Australian Bureau of Statistics (ABS) released building approvals data for June 2016 earlier today.  Over the month there were 18,693 dwellings approved for construction nationally.  National dwelling approvals are currently 26% higher than the decade average.  Although this represents a very high volume of approvals, it was -2.9% lower over the month, -5.9% lower […]

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