Australian PropertyFeatured Article

Australia’s housing construction crash turns nasty

Leith van Onselen
Thursday, 1 August 2019
Advertisement

Following Tuesday’s dwelling approvals data for the June quarter, it’s time once again to plot Australia’s various measures of dwelling construction against population growth, namely:

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

First, the national picture shows that dwelling approvals and commencements are crashing, whereas completions are yet to follow. By contrast, population growth rose to 405,000 in the 2018 calendar year:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.