Archive | Housing supply RSS feed for this section

chart-6

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 […]

Read full story Comments { 6 }
chart-5

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 […]

Read full story Comments { 1 }
chart-5

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 […]

Read full story Comments { 3 }
20160803 table

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. […]

Read full story Comments { 1 }
Chart 5

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 […]

Read full story Comments { 0 }
Chart 4

Dwelling approvals drop in May 2016, a year after they hit a record high

Building approvals data for May 2016 was released earlier this week by the Australian Bureau of Statistics (ABS).  According to the data there were 19,276 dwellings approved for construction over the month. The 19,276 approvals in May 2016 the lowest number of monthly approvals in four months.  Despite a monthly fall in approvals, they remain […]

Read full story Comments { 0 }
Chart 7

Why it could be Hobart’s time to shine

The Hobart housing market has been the nation’s weakest performing capital city housing market for more than a decade.  There are now signs that the Hobart (and Tasmania’s) housing market may be in line for a steady improvement. Over the 12 months to March 2016, home values in Hobart have increased by 4.8% while over […]

Read full story Comments { 0 }
Chart 7

Dwelling approvals rise in February but continue to trend lower

The Australian Bureau of Statistics (ABS) released building approvals data for February 2016 yesterday.  Over the month there were 18,252 dwellings approved for construction which represents a 3.1% increase in approvals.  Although approvals increased over the month, they continue to trend lower after peaking in March of last year.  In fact, dwelling approvals in February […]

Read full story Comments { 0 }
Chart 4

New residential property listings are ramping-up quickly in 2016

Across the country there were 47,483 unique new property listing over the 28 days ended 7 February 2016.  The number of new property listings is 11.0% higher than at the same time last year.  If we look back over recent years it is the highest number of new property listings at this time of year […]

Read full story Comments { 2 }
Chart 6

Dwelling approvals rose in December but remain below their recent peak.

The Australian Bureau of Statistics (ABS) released building approvals data for December 2015 earlier today.  The results tend to be somewhat volatile on a month-to-month basis, largely due to the more ‘lumpy’ unit approvals.  Following a -12.4% monthly fall in dwelling approvals in November, approvals rose by 9.2% to 18,868 approvals in December 2015. The […]

Read full story Comments { 1 }