Housing supply v demand
0
100
200
300
400
500
600
700
800
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
Population growth (000s)
Dwellings required (000s)
Dwelling completions (000s)
Housing shortage/surplus (000s)
Cumulative shortage/surplus (000s)
Dwellings required equals population growth divided by 2.5 (avg household size), with the result multiplied by 1.25 to account for demolitions and intentionally vacant homes.
