Dwelling Supply across Eastern Seaboard of Australia
We thought it would be useful to illustrate dwelling supply across eastern seaboard of Australia, where dwelling supply is forecasted for NSW, VIC, QLD ACT and TAS. Each state has its own technicals (population growth, overseas migration, building approvals, for example) but it’s fair to say that there is a healthy level of Supply that the market will be eager to see how this is absorbed.
It will be interesting to closely monitor what effect excess supply along with potential increases in interest rates will have on the Australia’s House Price Growth. No doubt an increased amount of Volatility will be expected over next 12-18 months.