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I don't really agree with this (especially when using your example of a city vs regional demand), although it really depends on what you mean by shortage (e.g. an actual physical shortage of housing to fit everyone or just a shortage of "in demand" properties)...

I spoke with someone from the ABS today: So it does depend on the accommodation type as to whether they are considered a dwelling unit, but I would think that this type of accommodation would at least rule out some of the effect that international students have on the data I've collated, but...

I've updated the table to reflect completions instead of approvals, as some suspected there are less completions than approvals. I have also extended the data back to 1983 (as far back as I can get easy population growth figures) and hopefully made the table a little clearer to read/understand...

Went looking for the report instead of the headline grab...you have to pay for it: http://economics.hia.com.au/media/1%20ERU%20Publications%20Brochure%202010.pdf Anyone here a HIA member and care to expand on how they conclude there is a current 109,000 house shortage? What data set are they...

Well perhaps you can explain how land banking comes into the equation? The figures I had posted in the OP relate to housing growth vs population growth...empty land has nothing to do with the stats in this thread. Thanks WW for the other data sets, I will substitute completed dwellings in...

Stop embarassing yourself and look up the definition of land banking. keithj, I may just do that and take the data back further on the weekend, but thinking about it this.... it would sway the figures more in the oversupply direction as I would be using larger number of residents per household...

I took the idea of approvals from an RPData blog that was looking at supply/demand and just further analised the figures: http://blog.rpdata.com/?p=227 No it's not, unless you are calculating against the entire housing supply which is not the right way to look at it. I don't have the...

Had a good chuckle at some of these points, thanks DeeHwa. I think WinstonWolfe has perhaps touched on one of the more important conflicts to the table and that is the large number of foreign students in Australia, which I had not considered. A couple of points regarding that, I imagine many...

Fair call re text, I've popped it underneath as well. Interesting point regarding density, I think the ABS has figures on number of bedrooms per dwelling and if I recall it's on the increase which would not support the theory of a larger percentage of high density (I'll see if I can dig up...

keithj, if you read the bottom section in grey I multiply dwelling approvals by .77 to account for those exact figures.

Most property investors & bullish news articles would have you believe that we have a housing shortage in Australia, however some figures that I've put together tonight would indicate that we may actually have an oversupply. The figures indicate there is an oversupply of 430,000 dwellings...