The four major trends expected to shape the Australian property market
"Preliminary figures released by the ABS on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.
Residential construction costs outpace inflation - CoreLogic
New South Wales continues to record the highest residential costs increase, up 4.5% on an annual basis, while Western Australia has the lowest rate at 2.9%, according to the latest CoreLogic CHIP Report.
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.
