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By Bryce Yardney
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Australian dwelling stock grew 1.4% in June 2022 quarter

key takeaways

Key takeaways

Australia’s dwelling stock was 10,879,349 dwellings at 30 June 2022.

Interestingly the growth in new medium density dwellings was greater than the growth in detached houses.

The growth of houses, townhouses and apartments was 23,456 (0.3%), 6,713 (0.5%) and 8,361 (0.5%) respectively.

Believe it or not, there are 10,879,349 individual dwellings in Australia according to the latest data released by ABS, for the year ending 30 June 2022.

Their figures showed that Australia's dwelling stock grew by 146,931 dwellings (1.4%) over the last year.

Annual Dwelling Stock Growth Rate

 

Interestingly the growth in new medium density dwellings was greater than the growth in detached houses.

The growth of houses, townhouses and apartments was 23,456 (0.3%), 6,713 (0.5%) and 8,361 (0.5%) respectively.

Note that growth by type of building does not sum to total dwelling growth as this includes dwellings in non-residential buildings.

Quarterly dwelling stock growth by type of building

Quarterly Dwelling Stock Growth By Type Of Building

In the June 2022 quarter, the number of dwelling additions:

  • was 45,522 dwellings.
  • increased by 8,486 dwellings since the previous quarter.
  • was made up of 30,200 houses, 6,856 townhouses and 8,461 apartments.

In the June 2022 quarter, the number of dwelling removals:

  • was 6,987 dwellings.
  • increased by 566 dwellings since the previous quarter.
  • was made up of 6,744 houses, 143 townhouses and 100 apartments.

Components Of Quarterly Dwelling Stock Change

States and territories

In the June 2022 quarter, the Australian Capital Territory had the highest dwelling growth rate (0.7%), followed by Victoria (0.4%) and Queensland (0.4%).

Dwelling Stock Growth June Quarter 2022

Northern Territory had the lowest growth rate (0.1%).

Queensland recorded the highest growth rate for houses, with 0.4% added to the state's stock of houses.

Dwelling Stock Growth Rate By State And Type June 2022

The Australian Capital Territory had the highest growth rates for townhouses (0.8%) and apartments (1.9%).

About Bryce Yardney Bryce is a property development specialist, having successfully sourced, project managed and completed hundreds of development projects for Metropole’s clients, helping them create substantial wealth.
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