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.