You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

18 Sept 2019 (AFR) – Victoria to slip back into housing deficit as approvals slump

(18 September 2019, AFR, p30,  Michael Bleby, Senior Reporter)

Dwelling supply and demand in Victoria (UDIA Residential Development Index, AFR)

Dwelling supply and demand in Victoria (UDIA Residential Development Index, AFR)

‘Victoria is headed for a stark shortage of housing after a collapse in new housing approvals last year shrank the pipeline of new homes and pulled the country’s second-largest state back into a development deficit, the Urban Development Institute of Australia says. New dwelling approvals sank to 59,719 in the 12 months to June from 75,613 a year earlier, which the UDIA’s Residential Development Index report calculated would result in a decline in completed dwellings to 46,581 from 58,978, based on its estimate that 78 per cent of approvals became homes.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: