Get notifications in real-time for staying up to date with content that matters to you.
Australia’s current slump in residential construction will leave a legacy of insufficient dwelling stock for the coming decade, Macromonitor warned yesterday.
The data provider’s Australian Construction Outlook 2008 – Residential Building report forecast that while a three year upturn in residential building will occur from 2009/10, the construction of dwellings will fail to keep pace with demand.
Nigel Hatcher, Macromonitor’s director, said ongoing affordability problems and supply constraints would be the underlying barriers to satisfying housing demand.
Macromonitor forecast an increase in dwelling commencements of just 2.1 per cent in 2008/09, with an acceleration of 10 per cent in 2009/10.
Published: 05-06-08
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Brokers reveal which lenders are leading the way
The results are in for the Third-Party Lending Report 2020, revea...
SMEs showing greater resilience to COVID-19
Businesses with an annual turnover of less than $200,000 have far...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of The Adviser.
Receive breaking news direct to your inbox each day
