Charting Australia’s housing construction glut

Thursday, 5 November 2020

With last week’s release of population growth data for the September quarter, it is once again time to examine how Australia’s dwelling supply is tracking against population growth, as projected in the 2020 federal budget.

The below charts track the above population projections against the latest available quarterly dwelling construction data, specifically:

Dwelling approvals to September 2020;
Dwelling commencements to June 2020; and
Dwelling completions to June 2020.

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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.