“Strong levels of new home starts underpinned one of the strongest years of residential building activity on record. Results for the second half of the year reflect the softening that have been evident in the broader housing market,” said HIA Senior Economist, Geordan Murray.
“After a sustained boom over recent years, residential building activity in Victoria continues to cool” said Fiona Nield, HIA Executive Director, Victoria.
Stage two of Albany’s affordable student accommodation development is set to kick-off, providing a much-needed boost to the local construction industry.
The Property Council of Australia has warmly welcomed Romilly Madew’s appointment as Chief Executive Officer of Infrastructure Australia.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 1.9 points to 42.6 in December 2018, indicating a fourth consecutive month of decline and the sharpest rate of contraction in five and a half years (readings below 50 indicate contraction in activity, with the distance from 50 indicating […]
Victoria’s building industry is among the strongest in the nation, with the Victorian Government’s sound financial management creating jobs and ensuring the state’s economy continues to grow.
The December 2018 edition of The Fence magazine is out now!
Additional resources for the construction watchdog highlight the stark reality of the drain on employers and the national economy from unions’ recidivist law-breaking behaviour, says Australian Resources and Energy Group AMMA.
“The strength of new home building in Victoria has once again kept it ahead of New South Wales as the number one state on the Housing Scorecard,” stated HIA’s Acting Principal Economist, Geordan Murray.
Redevelopment plans for the iconic Sydney Fish Market have been lauded by the Green Building Council of Australia (GBCA), with the $250-million revamp aiming to achieve a 5 Star Green Star rating.