The Opal Tower and Mascot Towers crises have had a significant impact on the purchasing decisions of home buyers and investors, who are now looking for alternatives to avoid the risk of buying into a strata development, according to Sydney builder, Thrive Homes.
“Dramatic changes in migration intake can create shocks in demand for private sector businesses, including those in the residential building industry. Changes to migration policies that slow population growth risk adversely impacting Australia’s potential for economic growth,” stated HIA’s Chief Economist, Tim Reardon.
“The fact that economic growth is now at its weakest in a decade makes the task of actioning new infrastructure projects all the more urgent,” Shane Garrett, Chief Economist of Master Builders Australia said.
Sydney’s fastest-growing neighbourhood has received national recognition as one of Australia’s most sustainable communities.
The penetration of the ground by any means has a potential to impact underground services, regardless of type or depth of activity.
Aussie homes are were most likely to have a metal roof, brick veneer walls, and a concrete floor.
Your garage door is usually one of the most visible features of your home, so it’s important that it looks the part.
The results of the latest Master Builders Australia’s National Survey of Building & Construction show that Australia’s builders are feeling the chill from the weaker conditions now facing the industry,” commented MBA Chief Economist Shane Garrett.
“Home lending figures released by the ABS show the number of loans to households building new homes continued to fall in April (2019),” said HIA’s Senior Economist, Geordan Murray.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 2.2 points to 40.4 in May 2019 – a ninth consecutive month of contraction and its steepest rate of decline in six years (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of […]