[Max Carnage]

Quote

DJ Australian Housing Starts +0.8% In 2Q Vs 1Q
15/09/2010 11:32AM AEST

SYDNEY (Dow Jones)--The total number of houses and apartments that started construction in Australia in the second quarter of 2010 rose 0.8% to a seasonally adjusted 44,899 from the first quarter.

On average, economists has expected a rise of 3.0%, according to a survey of 19 economists by Dow Jones Newswires.


Seasonally adjusted dwelling units commenced
=======================================================
Period Total Number % Change on quarter
2Q 2010 44,899 +0.8%
1Q 2010 44,527 +9.1%
2Q 2009 31,216 -0.9%
=======================================================

The Australian Bureau of Statistics also reported Wednesday that the number of private-sector houses started in the second quarter fell 3.9% to 27,154 from the previous quarter.

The trend estimate for the total number of housing starts, which further smoothes the seasonally adjusted numbers, rose 4.9% to 45,714 from the first quarter.

ABS are running late, but DJ has the press release?
http://abs.gov.au/au...Document&8750.0

[RumpledElf]

Oh noes! There'll be a shortage!

[Max Carnage]

RumpledElf, on 15 September 2010 - 02:35 AM, said:

Oh noes! There'll be a shortage!

Nah, it's looking pretty good to me:

Dwelling Units Commenced


Private Dwelling Units Commenced


ABS are back online:
http://abs.gov.au/au....0?OpenDocument

By State & Territory supports Tom32's recent speculation:
http://abs.gov.au/au...2010&num=&view=

Victoria and ACT lead the way.

[Bernard L. Madoff]

Build baby build.

Lets see if we can get rental yields UNDER 3%.

Quote

2001 AU population: 18,769,249
2006 AU population: 19,855,288

population growth: 1116039

2001 AU dwellings: 7,790,079
2006 AU dwellings: 8,426,559

dwelling growth: 636480

Population change : 5.78%
Houses change : 8.17%

So in 2001 there were 2.409 people per house in the country. In 2006 there were 2.35 people per house. That is correct, the ratio went DOWN !!!

Since then the stats have been

2006-07 Dwellings built 152,071 , Population rises by 329,000
2007-08 Dwellings built 161,292 , Population rises by 389,000
2008-09 Dwellings built 131,882 , Population rises by 460,000

So at the end of 2009 according to the ABS stats there were 8871804 dwellings and a population 21033288 for a ratio of 2.37. The ABS stats show clearly that there was more of a housing shortage in 2001 than there is now. Was there a housing shortage in 2001 ? Well since we can't remember people camping out in shopping centre carparks because they couldn't find a house at the turn of the century we are fairly sure there wasn't, and even if there was a problem (which there wasn't) it has got better, not worse

http://delusionaleco...rate-banks.html

Lets get the person's per dwelling UNDER 1.99 (then buy weapons and guard dogs). That will make the 2006 Irish housing glut 50% bigger.