The Property Graph Thread

which state is this for?
Or is it all Australia?

Would be interested to see a state by state breakdown (or cap city)

Blacky

 

That's national.

State breakdown...

 

There was some articles in todays SMH about how housing was not following normal market rules as proven by the increase in supply not lowering house prices.

The government says it has a plan to fix the housing affordability crisis. This chart suggests it doesn't.

but as per @petewargent,arent't there 100,000?p.a people moving to Sydney currently...all looking for a place to live.

 

decent article.

a couple of interest rate hikes would slow the market more quickly than new supply - lots of the apartment stock is pre-sold.

the big increase in supply is coming from a low base in Sydney, but there is a lot of it in the pipeline as multi-unit projects take so long to complete.

Greater Syd population growth is probably about +80k per annum - the figures are a bit fuzzy though.

 

Hats off to anyone who saw this coming - Melbourne's population growth is set to hit extraordinary heights in 2016.

 

Hi Pete, Please do a graph that combines interstate and overseas migrations.

 

Pete Wargent blog: Young workers are flocking to Melbourne in DROVES

 

Karratha asking prices down 64pc in 3 years (via Louis Christopher, SQM Research).

 

Im currently travelling to Karratha every 2 weeks and its been interesting to note the stats you have provided on K'towns housing and plane travel. I grew up here as a kid and then had a 20 year absence from the place. The most stark difference I found was everyone travelling at the speed limit. When I used to travel to work on the Burrup Peninsula, it was like something out of Mad Max. Nowadays everyone is driving company vehicles with speed limiters/checkers etc and its robotic in comparison.

The Qantas flight is still full of guys in Hi-vis, especially Rio Tinto guys but perhaps more people of a managerial/technical bent. More laptop cases for example and this would fit in with the huge slowdown. As for OIl and gas back in 2012 there was 21 rigs working the NW Shelf. Now there is 3 I believe.

Would be interesting to know the yields now with a 64% drop.

 

interesting changes. not sure whether the data keeps up as it's moving so fast, but SQM has asking rents down by an almost identical amount of 64pc over 3 years, for a median house rent of $420/week.

 

Sydney now absolutely hammering out apartment approvals.



Especially high-rise.



Caveat emptor...

 

@petewargent

What difference is there normally between approvals and actual finalised builds?

 

... more cranes in use for apartment construction in Sydney, Melbourne and Brisbane (454) than there were in New York, Boston, Chicago, San Francisco, Los Angeles, Toronto and Calgary combined (419).




Source: This unbelievable statistic shows the scale of Australia's apartment building boom

 

WoW.

 

A good source of graphs:

The Constant Investor | Facebook

 

Resi land values up 5.3pc to $4.2trn in FY2016 (ABS).



5 year increase by state/territory:

 

Correct me if I'm wrong and I'm sure this already came up somewhere along this thread but; we must also recognise that that the sheer volume of dwellings under construction, whilst alarming and no doubt including some oversupply, is also building to a different demographic dwelling-inhabitant of today compared to the 70s, 80s, and even 90s.

Back in the 70s and 80s mostly only houses - you know, that occupy husband, wife, child 1, 2, and 3 - were being built.

This means that more humans fit into one dwelling meaning less 'dwellings' needed.

Enter the beyond-2000 era of the last 16 yeara and the rise of the SINK demo is huge. More people are living either alone, or perhaps as a couple with a cat or dog only. This means more dwellings are being built expotentially to cater for this evolving demographic shift.

Of course there are still 5-person households, families etc. but more and more new arrivals to Aus who are settling into our big 3 cities, dont yet have kids so they also need smaller dwellings that are cheaper to rent than houses.

So, the numbers look extreme but they are weighted with more sink and dink households.

 

someone asked for updated Perth rents, here it is...

 

@petewargent wow - as expected, it is clear that Perth rent rates have taken a nosedive not just in the last 12 months, but actually trending back since around 2013. I wonder just how much further they have to fall.

Also interesting to observe a mild uptick in Melbourne rents at the tail-end of 2016 despite apartment oversupply and lots of cookie-cutter-mcmansion estate builds in the outer-rim suburbs.