Housing gluts everywhere!
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With the ABS releasing its dwelling approvals figures for the September quarter, it’s an opportune time to once again examine how dwelling construction is tracking against population growth at the state level.
First, the national picture shows that dwelling approvals have again risen to record levels as population growth is falling:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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