QLD bounced back, increasing by 82% since the same time the previous year and in raw numbers registering the greatest growth of any state at the end of December 2011.
Western Australia on the other hand has shown the greatest percentage increase, rocketing 114% over the year – their biggest increase in residents since 1985.
Falling off the back of its recent population spurt, VIC decreased by 35% over the year ending December 2011.
VIC is still producing the greatest volume of dwelling unit commencements in the country at the end of March 2012 yet this has been trending south since peaking in September 2010.
All states and territories over the year ending March 2012 registered a decline in the number of dwelling unit commencements.
QLD and VIC decreased by 12.3% and 15.1% respectively with NSW dropping a whopping 41.7% over the year ending March 2012.
Jon Rivera is Associate Director – Property Economics at Urbis. Jon has over ten years of residential market analysis, development and consultancy in Australia, United States and Asia. Jon’s ability to translate consumer, economic, property, infrastructure, demographic and population trends into strategic advice has seen him become a preferred provider of residential consultancy for an array of organisations, governments and councils nationally and internationally.