Australian Housing Dynamics and Affordability
AUSTRALIAN HOUSING DYNAMICS
PRIVATE RESIDENTIAL BUILDING APPROVALS¹
Monthly
1000
20
16
12
$b
20
00
4
15
HIGH DENSITY APARTMENT COMPLETIONS²
4+ Storey buildings, share of 2016 dwelling stock
7000
%
Sydney
1.5
20
1.0
Total
16
0.5
%
Brisbane
12
1.5
8
1.0
0.5
4
0.0
%
Melboure
1.5
1.0
0.5
%
Perth
1.5
1.0
0.5
0.0
2008
2014
2020
10
2009
2014
2019
City and inner suburbs
2008
Middle suburbs
2014
Outer suburbs
2020
Estimated completions
Sources: ABS; RBA
Detached
houses
Higher-density housing
0
1994
1999
Source: ABS
10
5
2004
HOUSING LOAN APPROVALS¹
HOUSING STARTS AND COMPLETIONS³
1$b
1.1
20
1.0
Total
0.9
15
0.8
0.7
Owner-occupier
10
Number
0.6
0.5
0.4
0.3
Investor
0.2
0.1
2019
0.0
86
88
90
92
94 96 98 00 02 04 06 08
10 12 14 16 18
-Annual dwelling completions per increase in population
-1985-2018 average
ANZ 121
0
L
2003
+
2007
Seasonally adjusted
Sources: ABS, RBA
2011
2015
Sources: 1. RBA Chart Pack Oct 2019, ABS 2. RBA Financial Stability Review, April 2019. 3. ANZ ResearchView entire presentation