Queensland building industry set for bumper year on record approvals
The Master Builders Queensland's latest 'Building industry outlook 2017' report shows the industry is set for a bumper 2017, on the back of record high building approvals and a strong pipeline of work.
"We have had the strongest period of supply for close to a decade and that’s feeding into a moderation of house price growth," says The Property Council's Chief of Policy and Housing, Glenn Byres.
Australia’s economy contracted during the September 2016 quarter, only the third decline in the last decade, due in part to a decline in construction activity.