Building a new home is all rage in Australia right now while government grants and record low interest rates provide fertile ground.
Australians are increasingly moving towards apartments, now nearly half of all homes being built according to the Australian Bureau of Statistics.
If you’re using builders to help renovate your property or put in extensions, it can be daunting to open quality communication with them.
New BIS Oxford Economics figures say Australia’s residential building boom is long gone and housing construction will fall 30 per cent from peak to trough over a two-year correction.
Pick up your tool belt and start drawing up some plans because Australia is on the verge of a home renovation boom worth up to $40 billion until 2023.
Commercial construction is forecast to surge 15 per cent this year after three years of decline.
The fight to improve housing affordability in cities like Melbourne could well be helped by the development of a ‘build to rent’ sector.
So many things can go wrong when you’re renovating but new research has exposed Australians who are willing to take the risk without contingency plans.
The housing construction boom, which has propped up the national economy since the end of the mining boom, is fast approaching its end.
Multi-unit constructions look set to drop by 40 per cent or more in coming years, putting an end to a sustained period of construction upturn.
