Greater energy efficiency gains in the built environment is the big opportunity hiding in plain sight to help Australia meet its emissions reduction targets and cut energy costs for households and businesses.
“Melbourne has once again dominated this year’s (2019) HIA Hotspots Report, with 12 of Australia’s Top 20 building growth areas all located around Victoria’s capital,” said HIA’s Chief Economist, Tim Reardon.
Drivers are another step closer to a fully upgraded Plenty Road from Mill Park to Mernda, with the contract for stage two works between Bush Boulevard and Bridge Inn Road awarded to Decmil.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.8 points to 45.6 in March 2019, indicating a slight easing in the construction industry’s aggregate rate of contraction (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).
The WA Government has launched another major roads package as part of the 2019-20 State Budget, to transform roads across Perth’s eastern suburbs and throughout the Tonkin Highway corridor.
A six-year low in property industry confidence levels underscores Treasury’s budget warnings about the risks to the economic outlook from a further deterioration in the housing sector.
Funding for a first-of-a-kind WA project to examine the viability of using renewable energy in metal production.
A project to research reducing greenhouse gas emissions in steel production has strong support from BlueScope Steel.
Forestry research & development in worker safety, carbon emission targets, design standards, biosecurity, fire detection, and genetics.
“For the past five years the building industry has driven economic growth in Australia. In contrast, the Budget assumes that dwelling investment will cool 7 per cent next year (2020).