Australia headed for massive housing oversupply

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With last week’s release of population data for the December quarter, alongside the estimated number of dwellings, it is 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 March 2020;
  • Dwelling commencements to December 2019;
  • Dwelling completions to December 2019;
  • Number of dwellings to March 2020; and
  • Population change to December 2019.

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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.