The Federal Government’s National Housing Supply Council released their second State of Supply Report this week. Probably the most important finding of the 228 page document was the estimate that nationally there is a cumulative undersupply of 178,400 dwellings. The greatest undersupply in dwellings was found to be within New South Wales (57,600) and Queensland [...]
Archive | April, 2010
Too many overseas buyers?
How many foreign buyers are there in the Australian residential market? Well the simple answer is: no one knows. The issue of foreign investment in Australian residential property markets has been thrust into the spotlight over recent months with speculation mounting that foreign buyers are distorting Australian home values due to the their demand and [...]
Falling housing finance commitments hint that capital gains are likely to moderate over the coming months
The value of housing loan commitments taken out in February fell by 3.4 percent over the month in seasonally adjusted terms; the fifth consecutive monthly decline in home lending and the largest monthly fall since May 2008. Investor finance has remained much more resilient. The value of investor loan commitments fell by just 1.1 percent; [...]
Tourism and holiday home markets likely to have hit the bottom of the cycle
Tourist accommodation results, which are based on the results from the on-going quarterly Survey of Tourist Accommodation, were released by the Australian Bureau of Statistics recently. The ‘small area’ data was released on the same day as the March employment figures were released, so the tourism results largely flew under the radar. The national figures [...]
Australia's fastest growing regions
Over the 12 months to June 2009 and in raw number terms the states which recorded the greatest growth in population were: New South Wales (119,534), Queensland (116,533), Victoria (116,250) and Western Australia (68,077). In this week’s blog we take a look at the trends in regional population growth analyzing the 25 fastest growing Local [...]
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