Six more charts on Australia’s housing construction bust

Earlier this week I provided 13 charts plotting annual population change (current to December 2018) against annual net dwelling additions nationally and across each of the major markets (to March 2019). This data showed that housing is well supplied nationally, albeit it is beginning to tighten as population growth increases and construction rates fall.

Below are six more charts plotting Australia’s dwelling construction against population growth, namely:

  • Dwelling approvals to March 2019;
  • Dwelling commencements to December 2018;
  • Dwelling completions to December 2018; and
  • Population change to December 2018.

First, the national picture shows that dwelling approvals have collapsed with commencements following. Completions are about to peak, whereas population growth rose to 405,000 in the 2018 calendar year:

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