Has record dwelling construction kept pace with population growth?

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By Leith van Onselen

A few weeks back, the ABS has released the March quarter property data showing the total number of dwellings in each state. Although this series only dates back to September 2011, it is arguably the best data to use when assessing actual dwelling supply, since unlike the ABS’ various quarterly housing construction data (i.e. approvals, commencements and completions) it takes into account demolitions as well as new additions.

The ABS also recently released population data for the December quarter.

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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.