Leith van Onselen
@leithvo
Co-founder and chief economist of MacroBusiness.com.au. Interested in all things economic & financial.
Catch my interviews on YouTube @leithvo
ID: 242893113
http://macrobusiness.com.au/author/leith/ 25-01-2011 20:58:35
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Wow, this chart from Leith van Onselen really illustrates why Australian construction struggles to keep up with population growth, even though Australia builds far more homes than on average.
This is a great chart from Leith van Onselen The value of Aussie housing stock (the actual residential structures) relative to GDP has remained in a relatively tight range for 34 years. Meanwhile, the ABS assessed value of land relative to GDP has risen ~3x.
It is a good question from Leith van Onselen Why do implied population estimates from the national accounts and the actual ERP data yesterday differ so much. Is there a statistical reason Australian Bureau of Statistics ? Is there a simple benchmarking explanation? macrobusiness.com.au/2024/12/whats-…