Australian housing’s supply-side squeeze

With this week’s release of dwelling commencements and completions data for the June quarter, it’s once again time to examine how Australia’s dwelling supply is tracking against population growth.

The below charts track the following, which are based on the latest available quarterly data:

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

First, the national picture shows that both dwelling approvals and commencements have completions have collapsed. Completions have also just peaked, whereas population growth was strong at 388,800 in the year to March 2019:

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