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

Residential construction leading the sector

Despite an overall fall in building work done, the residential sector saw an increase.

The construction of Australian property is leading the way with building work in the country.

According to new figures from the Australian Bureau of Statistics (ABS), the trend for the value of residential construction work went up by 1.2 per cent in the first quarter of 2013. Compared to the same time last year, it also rose by 3.3 per cent.

However, the overall trend estimate for construction work done fell by 0.4 per cent in the March quarter. Trend estimates for non-residential and engineering building work done fell by 0.1 per cent and one per cent respectively.

This news came as a disappointment to construction workers in Australia, although they are continuing to look to the housing sector for a boost.

Chief executive officer of Master Builders Australia, Wilhelm Harnisch, said: "The building industry remains hopeful that the impact of Reserve Bank interest rate cuts will help the fledgling the housing recovery over the next few months."

Posted by Craig Francis

- property, construction, building, residential

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