Activity levels across Australia's construction sector have never been stronger before. The latest industry forecasts released by the Australian Construction Industry Forum (ACIF), the demand in the sector of residential building and construction development (mining-related construction, roads, rail and other large infrastructure) boom have pushed the growth beyond expectation.
According to the Ai Group head of policy Peter Burn, “September saw a continuation of the healthy levels of overall construction activity that have prevailed for most of the year to date.”
The commercial and industrial building will be driven by Sydney and Melbourne offices plus some further hotels building, now switching from servicing business travel to the tourist areas. Changes come through slowly but inexorably, like a slow train wreck. Sky-high Sydney prices flatlined this winter, inching up just 0.3 per cent over the past three months and holding steady during August, according to the CoreLogic home value index.
Sydney and Melbourne recorded the strongest property performance in 2017. This trend is likely to continue in 2018 but notably with some improvement in Brisbane and stability in Perth. The impact of lower interest rates has been directly felt in the retail and residential property sectors, while further downstream benefitting office and industrial. The lower AUD will increasingly factor into investment and consumption decisions, improving the economy at a broad level.
The property market in Australia has boomed and the most recent government data marked growth in residential property prices at 10.2 percent year on year for the 2017 March quarter. In a note, UBS Economist George Tharenou said any rash interest rate action from the Reserve Bank of Australia (RBA) could trigger a crash. But its possibilities are less and investors don’t need to worry too much.
Australian property and construction market are likely to remain stable and perfectly steady. You can be sure that your investment will reap high value in the coming future.
According to the Ai Group head of policy Peter Burn, “September saw a continuation of the healthy levels of overall construction activity that have prevailed for most of the year to date.”
The commercial and industrial building will be driven by Sydney and Melbourne offices plus some further hotels building, now switching from servicing business travel to the tourist areas. Changes come through slowly but inexorably, like a slow train wreck. Sky-high Sydney prices flatlined this winter, inching up just 0.3 per cent over the past three months and holding steady during August, according to the CoreLogic home value index.
Sydney and Melbourne recorded the strongest property performance in 2017. This trend is likely to continue in 2018 but notably with some improvement in Brisbane and stability in Perth. The impact of lower interest rates has been directly felt in the retail and residential property sectors, while further downstream benefitting office and industrial. The lower AUD will increasingly factor into investment and consumption decisions, improving the economy at a broad level.
The property market in Australia has boomed and the most recent government data marked growth in residential property prices at 10.2 percent year on year for the 2017 March quarter. In a note, UBS Economist George Tharenou said any rash interest rate action from the Reserve Bank of Australia (RBA) could trigger a crash. But its possibilities are less and investors don’t need to worry too much.
Australian property and construction market are likely to remain stable and perfectly steady. You can be sure that your investment will reap high value in the coming future.
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