Wednesday, September 16, 2009

Must-see data on ye olde chronic housing shortage

I guess the housing shortage advocates have not looked at the data straight in the eye before.

A simple comparison of percentage change in population, and percentage change in dwellings shows that only a few places in Australia suffer from anything that could be labelled a shortage, while most capital cities show a glut of housing.

Not only that, but the prices continued to rise in 2006-08, the period immediately following the data in the linked table. Looks a lot like a bubble to me. Don't know about you, but I'm waiting for another slump in residential real estate prices next year.

1 comment:

  1. Cameron - Have you looked at the ABS actual construction figures vs the population growth with an allowance for demolished figures?