From 2005-06 to 2010-11 residential building approval activity within the City of Warrnambool has averaged 240 dwellings per annum. The amount of building approval activity as measured on an annual basis has been relatively consistent. However, approvals peaked at 284 in 2009-10 and troughed at 213 in 2007-08.
Projected dwelling requirements sourced from Victoria in Future 2012 indicate that from 2011 to 2026 a total of 4,254 additional dwellings (or on average 284 per annum) will be required to house the projected population for the City of Warrnambool.
In total (excluding existing vacant residential lots) there is a residential supply of 5,560 potential lots.
It is estimated, based on the identified supply and Victoria in Future 2012 demand projections, there is over 15 years total supply of residential land stocks across the Warrnambool municipality.