Australian property supply and demand by state

David Llewellyn-Smith

Monday, 30 November 2020

Via Westpac’s Housing Pulse. County beating city:

Sydney gluttted:

Melbourne glutted:

Brisbane tight:

Perth tightneing:

Adelaide tightening:

And of the world tight:

I see no reason here to change my view that the SE will underperform the national rebound. At least until the sluice gates open on mass immigration and even then it will be slower with the Chinese.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.