at one stage it even hit 1 house for one additional person in the population!
What, you mean 25 years ago?
How about the most recent decade (2000-2010) where population growth went to the moon and dwelling commencements dived. Also you need to subtract demolitions from commencements to understand the true increase in supply. About 15% of commencements simply replace an existing dwelling.
The undersupply that was created during the 2000s is one of the reasons why Shadow successfully predicted the current construction boom. Your chart is seven years old. A more recent one would show the construction boom that kicked off around 2011. This one might eventually result in an oversupply - but mainly in units rather than houses.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
I don't see an unseemly under supply here. A few years where it lagged a bit against population growth, but that would only have helped soak up over supply.
And with people wanting to forgo the Aussie dream of being stuck in the burbs mowing lawns on the weekends, units are the new quateracre block.
I don't see an unseemly under supply here. A few years where it lagged a bit against population growth, but that would only have helped soak up over supply.
How about the most recent decade (2000-2010) where population growth went to the moon and dwelling commencements dived. Also you need to subtract demolitions from commencements to understand the true increase in supply. About 15% of commencements simply replace an existing dwelling.
The undersupply that was created during the 2000s is one of the reasons why Shadow successfully predicted the current construction boom. Your chart is seven years old. A more recent one would show the construction boom that kicked off around 2011. This one might eventually result in an oversupply - but mainly in units rather than houses.
want to take a punt as to the correlation of that entire time span on the chart for those two factors... I bet it's better than your 1 year inverse correlation for Sydney house price growth vs commodity price growth.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
@ 2.6 people per dwelling, There is only two years on that chart where population outpaced house construction, the the rest of the time it kept up easily, and for a substantial period, outpaced population increase.
You do see that don't you?
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