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Dwelling starts fall below GFC levels

The housing industry is reeling after national homebuilding starts dropped below global financial crisis levels, falling 12.6 per cent in the March quarter.

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interestingly , the ABS also released population growth statistics today which show a growth in WA of 67400 people , approx 40000 from interstate and overseas. The demand has tended to go into the rental market but this is filling up quickly. It will turn to the purchase market at some point and the velocity with which it is happening will cause pain for tenants , builders and developers . The supply reaction time is always slower than the demand .

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