Melbourne and Sydney property supply balloons

Advertisement

Last week the ABS released its construction activity report for the September quarter of 2020, which provided data on dwelling commencements and completions.

Below are charts plotting population growth against dwelling construction across Australia and the five major jurisdictions.

Below is the national picture:

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
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.