Pete Wargent blogspot

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

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

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

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

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

'Superlative work' - Grant Williams, founder RealVision.

Saturday, 17 June 2017

Sydney on track to smash record dwelling completions

Record construction

Metropolitan Sydney has seen a huge acceleration in population growth since 2004, which resulted in an undersupply of dwellings. 

However, supply is now responding with gusto.

37,608 dwellings were completed over the year to March 2017, including 27,078 multi-units, while approvals and dwellings under construction figures suggest that this figure will head plenty higher still. 

As I've charted in more detail here previously, Parramatta and Blacktown are two of the LGAs set to see a record number of apartments constructed. 

2017 will end up being the biggest year on record for dwelling construction in the harbour city, while population growth may also slow as folks migrate to south-east Queensland.

In 2016 Australia completed just under 95,000 attached dwellings.