Four charts this post.
Chart 1 shows that new attached dwelling approvals are on the decline, whilst detached housing demand is rising again.
Chart 2 shows that a third of the attached dwellings approved haven’t been built yet, whilst most detached houses approved actually turn dirt.
Chart 3 shows that walk-up apartments now make up only a small proportion of our infill housing redevelopment, whilst terraces and townhouses are on the rise.
Chart 4 shows a big swing towards two-storey townhouse development. This is the new black and I believe the demand for such product should see the current levels of supply more than double over the next decade.
Now if only the local councils would see sense.
Well done Brisbane City Council, last week you banned new townhouses in the suburbs and new emerging community settings.
Take a bow. New World City? Fiddlesticks!
Until next time,