Australian Housing Dynamics and Affordability

% yoy 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Sep-1996 Jul-1997 % yoy 2.5% AUSTRALIAN ECONOMY AND POPULATION POPULATION GROWTH¹ - AUSTRALIA AND G7 2.0% 1.5% 1.0% 0.5% 0.0% 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2008] 2006 POPULATION GROWTH - 2010 2012 2014 2016 MAJOR STATES³ May-1998 Mar-1999 Jan-2000 Nov-2000 Jul-2002 Sep-2001 May-2003 Mar-2004 Jan-2005 Nov-2005 Jul-2007 Sep-2006 May-2008 Mar-2009 Jan-2010 Nov-2010 Jul-2012 Sep-2011 May-2013 Mar-2014 Jan-2015 Nov-2015 Jul-2017 Sep-2016 May-2018 2018 % CONSUMER SPENDING GROWTH4 Australia 10 Other retail spending (LHS) G7 weighted average Sources: 1. ABS, IMF. 2. Chart Pack Oct 2019, 3. ABS. 4. RBA Speech: "What's up (and Down) With Households ", March 2019. Mar-2019 -5 0 Сл 5 Household goods sales (LHS) Car registrations (RHS) 2010 2012 2014 Sources: ABS, FCAI/VFACTS; RBA T STATE SHARE OF OUTPUT² -20 2016 2018 0 20 20 40 % % 35 30 Victoria 25 % New South Wales 35 30 25 VIC 2.4% QLD 1.7% 20 20 Queensland NSW 1.6% 15 15 WA 0.8% Western Australia 10 South Australia 5 10 5 Tasmania 0 92/93 97/98 02/03 07/08 12/13 0 17/18 Source: ABS ANZ 113

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