Markets

This chart shows why more Australians look destined to live up, not out

Australian residential building approvals in high-rise complexes are increasing again. Strong population growth, affordability constraints for larger dwellings and commercial considerations for developers all help explain continued strength in approvals. ANZ Bank says this should help support construction activity through the remainder of the year. For anyone living in Sydney, […]
This chart shows why more Australians look destined to live up, not out
Markets

Non-residential construction could be the next big boom for Australia’s economy

Most analysts agree Australia’s apartment-building boom has peaked, and along with it the stable contribution to growth from residential construction. However, Australia is still well-placed to benefit from additional growth in non-residential construction and infrastructure spending, according to Commonwealth Bank senior economist Katrina Clifton. Clifton said the positive impact will […]
Non-residential construction could be the next big boom for Australia’s economy
Markets

Australian building approvals are holding up better than many people thought

Australian building approvals fell less-than-expected in July, offering further hope that the downturn in the nation’s residential construction will be shallower and slower than what many currently predict. According to the Australian Bureau of Statistics (ABS), total approvals fell by 1.7% to 18,299 in seasonally adjusted terms, leaving the year-on-year […]
Australian building approvals are holding up better than many people thought
Markets

It looks like Australia’s residential construction boom has peaked

Building approvals fell sharply in March after a rise in February, in a clear sign that the residential construction boom has reached its peak. Seasonally-adjusted building approvals fell by 13.3% in March to 16,484. Housing approvals dropped 4.8% and there was a significant 21.8% fall in construction approvals for new […]
It looks like Australia’s residential construction boom has peaked
Markets

Here are the home building ‘hotspots’ in Australia right now

Whether measured by housing starts or building approvals, Australia is in the midst of a residential construction boom that has never been seen before. According to Australia’s Housing Industry Association (HIA), there were 602 locations across Australia that were housing construction “hotspots” in the 2014/15 financial year, a region deemed […]
Here are the home building ‘hotspots’ in Australia right now
Markets

Australia’s construction sector is shrinking at a faster rate

Activity levels across Australia’s construction sector contracted at a faster pace in February, bucking strength seen in the nation’s manufacturing and services sectors during the month. The Ai Group-HIA performance of construction index slid 0.2 points to 46.1, leaving it at the lowest level seen since February 2015. Like all […]
Australia’s construction sector is shrinking at a faster rate
Markets

Cracks are forming in Australia’s residential construction sector

Activity levels across Australia’s construction sector declined for a second consecutive month in January. The latest HIA-AIG Performance of Construction Index (PCI) came in at 46.3, down 0.5 points on the 46.8 level of December. It was the lowest level recorded since February 2015. Like all PMI gauges, a reading […]
Cracks are forming in Australia’s residential construction sector