Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Thursday, 19 May 2016

Dwelling construction

Thanks for the feedback on my blog post the other day on dwelling construction and whether Australia has a greater oversupply of dwellings than the US in 2007.

Summarily, dwelling completions have not reached the assumed levels of 47,000 per quarter until recently, so the projected oversupply numbers are flawed, and by a significant margin, even before accounting for demolitions.

Check the data for can find it here at ABS Cat 8752.0 - Building Activity, Australia, December 2015.

Obviously if commencements were to continue to track at record levels then eventually there would be an oversupply, albeit a temporary one. 

But we aren't there yet.