Ai Group Head of Policy, Peter Burn, said: “Activity fell for the eleventh consecutive month across the Australian construction industry in August (2019). Activity declined in the residential sectors and in commercial and engineering construction. Apartment building led the way with another steep drop that extended the contraction in this sector into a 17th month. […]
Two of Australia’s leading sustainability organisations have come together to make it easier for industry to deliver sustainability through the infrastructure and buildings that are rapidly shaping our cities.
“Building approvals continued to cool particularly in the apartment market,” stated HIA Economist Tom Devitt.
Forecasts released by Master Builders Australia suggest that the next few years will be a bit softer on the commercial building front.
There is no immediate end in sight to the new home building slump but a recovery is certainly on the horizon, according to forecasts released by Master Builders Australia.
“Sales for the three months to July (2019) increased by 6.1 per cent on the preceding quarter and remained down by 12.8 per cent compared to this time last year (2018),” stated HIA’s Chief Economist, Tim Reardon.
“The easing of wider economic and housing market conditions has given rise to a situation where monetary and fiscal stimulus is possible, without fear of overheating house prices,” stated HIA’s Chief Economist, Tim Reardon.
The impending rollout of major government-led transport infrastructure will be good news for thousands of small construction businesses across Australia, according to newly-released forecasts from Master Builders Australia.
Australia’s building ministers must continue the momentum on building regulation compliance and enforcement to deliver better outcomes for property owners and tenants.
Construction crews onsite at Granville Harbour Wind Farm have successfully completed the first concrete pour for one of the site’s 31 wind turbine foundations.