Windows on Housing

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Window into Housing 2014
Facts about the housing and construction industry in Australia
AT A GLANCE
Number of homes built in Australia last year 167,947
Total value of housing construction ($ billion)
69.9
Size of Australian Housing Industry (a)
Number of detached houses built
Number of units built
Total number of dwellings built
Value of detached houses built Value of units built Value of renovations Total value of residential construction Gross Domestic Product Value of construction as a percentage of GDP
Number of people in new homes each year 434,788
People employed in housing & construction 1,037,412
2009
102,518
38,992
141,510
27,949
11,385
29,901
69,235
1,388
5.0%
2010
111,649
65,677
177,326
30,158
13,431
31,231
74,821
1,419
5.3%
2011
94,967
60,429
155,396
27,671
13,864
31,819
73,355
1,455
5.0%
2012
90,268
61,176
151,444
25,931
14,292
29,293
69,516
1,509
4.6%
2013
95,543
72,404
167,947
25,646
16,306
27,976
69,928
1,545
4.5%
2009
989
52
2010
999
55
2011
1,004
51
2012
1,015
47
2013
1,037
44
2009
247
21,866
2.0%
38,490
366,347
2010
172
22,172
1.4%
2,674
459,069
2011
206
22,520
1.6%
24,604
402,296
2012
241
22,923
1.8%
28,556
392,065
2013
251
23,341
1.8%
12,053
434,788
Other housing indicators
Building approvals (a)
Detached houses
Units
Total building approvals (a)
Home loans (a)
Construction of home
(for owner-occupiers)
New home
Existing homes
Total home loans (c)
2009
108,515
41,480
149,995
79,062
27,732
379,394
486,188
2010
111,961
69,998
181,959
64,162
24,264
273,679
362,105
2011
95,687
58,109
153,796
57,008
22,889
268,568
348,465
2012
90,670
63,934
154,604
59,986
26,469
274,943
361,398
2013
99,788
79,109
178,897
64,638
34,506
305,537
404,681
The family home
Average size of a new detached house (a)
sqm
Average size of a new attached-dwelling (a)
sqm
Median House Price - detached house (d)
$
Median House Price - attached dwelling (d)
$
Average cost of building a new house (excluding land) (a)
$
Median lot price (d)
$
Median lot size (d)
sqm
Estimated dwelling stock
(000)
Average size of household (a)
persons
2004
235
143
287,000
285,000
187,661
144,363
592
7,890
2.54
$ million (f)
$ million (f)
$ million (f)
$ million (f)
$ billion (f)
Employment in Australian Housing Industry (a)
Number of people employed in housing & construction (000)
Number of apprenticeships in housing & construction (000)
Population and demand for housing
Net overseas migration (a)
Australian population (a)
Population growth versus previous year (c)
Net undersupply of housing (b)
Number of people in a new home each year (c)
(000)
(000)
Composition of New Dwelling Approved Source: ABS
100
90
80
70
60
50
40
30
20
10
0
12%
15%
19%
17%
17%
15%
13%
15%
30%
14%
71%
70%
68%
68%
56%
1992
1998
2003
2008
2013
Total detached houses
Total semi-detached, row or terrace houses or townhouses
Total flats, units or apartments
Fast facts: did you know?
•After inflation, capital city houses increased by 7% over the past
of New Dwellings
Approved
12 months,
13% in the past five years, and 27% over the decade.
(RP data)
•Stamp duty on a median-priced dwelling is $24,100 in Victoria, or
5.0% of the purchase price and $19,200 in NSW, which is 3.6% of
the price. (HIA analysis of state revenue office data)
2008
240
142
362,500
336,090
250,060
168,066
546
8,374
2.56
2013
241
134
465,000
420,000
270,852
201,295
480
9,008
2.59
change since 2008
Capital city vacancy rate * (e)
Sydney
Melbourne
Brisbane
Adelaide
Perth
Hobart
Darwin
Canberra
0.6%
-5.4%
28.3%
25.0%
8.3%
19.8%
-12.1%
7.6%
0.9%
2013
1.8%
3.0%
2.3%
1.6%
1.8%
1.6%
1.3%
2.2%
* Vacancy rates represent the average for rental
market accommodation across capital cities,
three months to December 2013
References (a) Australian Bureau of Statistics (b) Housing Industry Association (c) Calculation (d) HIA / RP Data (e) SQM Research (f) 2011/12 prices
Published by the Housing Industry Association,
79 Constitution Avenue, Campbell ACT 2612
GENERAL ENQUIRIES 02 6245 1300 | hia.com.au
MEDIA ENQUIRIES contact Greg Weller on 02 6245 1388
0438 846 752 | [email protected]
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