Australia has been ranked as the 14th most competitive economy globally, according to the annual World Economic Forum (WEF) Global Competitiveness Report 2018.
“Australia’s home building industry beat expectations in commencing construction of 228,480 homes in the 2017/18 financial year. This represents a 3.3 per cent increase on home starts in the previous financial year,” said HIA Economist, Diwa Hopkins.
The Green Building Council of Australia (GBCA) has welcomed a new report by the Intergovernmental Panel on Climate Change, which calls for immediate action from all sectors of the economy to stop global warming climbing above the critical 1.5 degree-threshold by 2050.
The progress report on the key recommendations of the 2016 Australian Infrastructure Plan shows that we are heading in the right direction but more needs to be done to create great Australian cities.
Bi-partisan support for a Federal Housing Minister recognises the urgent need to address our housing affordability challenges at a national level, said the Housing Industry Association.
The value of Australia’s farm production is forecast to remain relatively unchanged at $60 billion in 2018–19, well above the 10-year average of $56 billion, despite very dry conditions in some places.
Aussie farmers remain resilient, with ABARES forecasting a rise in the total value of farm production to $61 billion, well above the ten-year average.