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

Strong recovery forecast

Building approvals are finally starting to increase to cope with the strong demand for housing accross Australia.It may be too late to stabilise growth on the East Coast markets where a major undersuppy problem exisits due to strong incoming migration and natural demand.

Residential building activity is expected to continue its gradual recovery over the next twelve months, according to the latest forecasts released by the Construction Forecasting Council this week.

New house building began to recover in 2006/07 with firm growth of 5 per cent (real).  The recovery has been triggered by low unemployment and shortages in housing stock caused by strong population growth.

Apartment and townhouse building ("new other residential") is set to begin a modest recovery from 2007/08.  The delay in recovery is due to the longer construction pipeline for apartments compared with houses.

For the first time, the level of residential building is now higher in Queensland than any other state or territory.  This is due to the strong population growth in Queensland; however the lead is expected to be short-lived as residential building in NSW and Victoria recover.

- market, building, construction, trend, growth

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