Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Construction figures on the rise

More than $41 billion (£23 billion) was spent on building Australian property in the second quarter of 2010, recent statistics have shown.

Over $41 billion (£23 billion) was spent on the construction of property in Australia during the second quarter of this year, figures have shown.

A report from the Australian Bureau of Statistics reveals that, in total, $11.5 billion was spent on constructing residential property in the country and $9.8 billion on non-residential buildings.

This represents an increase of 5.5 per cent on the amount spent on residential property in the first three months of 2010 and 16.5 per cent on that spent in the second quarter of 2009.

The amount spent on the creation of non-residential property increased by 4.1 per cent from March to June of this year, but by 10.2 per cent compared to the same period of last year.

SQM Research founder Louis Christopher recently told smartcompany.com.au that more buyers are likely to enter the market in Australia's up-and-coming spring season, which could persuade those seeking a good deal on a house in the country to act now.

Posted by Steve Douglas

- construction, property, SQM

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now