Quarterly asking median rent per week, houses
This graph shows that in every state capital except Hoabrt, the median asking rent for houses increased during the September quarter 2020 to at least the same level as before the pandemic; and in several cities increased to a greater level.
Change in median asking rents, quarter on quarter and year on year to June 2020
This graph compares hte decline in median advertised rents from both the first quarter of 2020 and the June quarter of 2019 for both houses and units in each of the state capitals, showing the immediate impact of the pandemic on unit rents in Sydney, Melbourne and Hobart. Only in Sydney and Melbourne did asking rents fall to lower than the median price for the same time the previous year. In contrast, the effect on median asking rents for houses was much smaller, barring Hobart. In Adelaide, Perth and Canberra, median asking rents remained higher than they had been during the June quarter of 2019.
Airbnb listings for entire houses, Melbourne, January to October 2020
This graph shows the data for listings from InsideAirbnb for Melbourne during the period January to October 2020. It shows that listings for entire homes contracted by 22% since COVID-19 restrictions were introduced, equating to 3,661 dwellings that were presumably available previously for long term lease or purchase. The decline is most pronounced in the inner rings of Melbourne. It suggests that, while many of these properties might have been sold, re-occupied by owners, or left unoccupied, there was likely a substantial increase in the supply of longer term private rental properties in inner-Melbourne.
Airbnb listings for entire houses, Sydney, January to October 2020
This graph shows the data for listings from InsideAirbnb for Sydney during the period January to October 2020. It shows that listings for entire homes contracted by 17% since COVID-19 restrictions were introduced, equating to 4,317 dwellings that were presumably available previously for long term lease or purchase. The decline is most pronounced in the inner rings of Sydney. It suggests that, while many of these properties might have been sold, re-occupied by owners, or left unoccupied, there was likely a substantial increase in teh supply of longer term private rental properties in inner-Sydney.
New private dwelling approvals, Greater Brisbane
This graph shows how apartments and units became the main source of new dwellings in the Greater Brisbane area over 2013-14 to 2015-16.
New private dwelling approvals, Greater Melbourne
This graph shows how apartments and units became the dominant source of new dwellings in Greater Melbourne over 2013-14 to 2015-16.
New private dwelling approvals, Greater Sydney
This figure shows how apartments and units became the dominant source of new dwellings in 2013-14 to 2015-16, and have remained the majority since then.
New private dwelling completions, seasonally adjusted, September 2011 to June 2020
This graph reflects a boom in private dwelling construction, corresponding to waves of investor finance over the period. Since 2018, the pipeline of new dwellings has contracted, and particularly since March 2020. There appears to be a reorientation towards detached homes, but given the natural month-to-month fluctuation in apartment and unit approvals, and notwithstanding the months immediately following the implementation of COVID-19 restrictions, it is too soon, given the data within this graph, to determine whether this is a lasting trend.
Value of new home loan commitments for investor purchase, seasonally adjusted, November 2010 to September 2020
This graph shows two waves of investor finance for NSW, QLD and Victoria, before and after 2015-16, corresponding with substantial growth in the supply of privately rented dwellings. From the beginning of 2010-11 to the end of 2013-14, approximately 262,000 additional households, and in 2017-18, another 245,000 households, entered the private rental sector, according to the Australian Bureau of Statistics (Housing Occupancy and Costs)
Value of new home loan commitments in Australia, seasonally adjusted, November 2010 to September 2020
This graph shows that the trend before 2017-18 was one in which investor purchasers were receiving a growing share of new home loan commitments (besides a contraction during 2015-16). However, in COVID times, owner-occupier finance has rebounded more sharply than investor finance, which only recovered to pre-pandemic levels as of September 2020.
