Australia’s Booming Construction Markets

A Summary of the Report

A new Housing Industry Association report 86 hot spots in the housing market – these are housing construction markets which in 2014/15 demonstrated above national average population growth and over $100 million worth of approved residential building. Victoria’s and New South Wales’ criteria had to be raised – at least $150 million worth of approved residential building – due to high numbers of hot spots; HIA needed to reduce the number of hot spots to fully plot them all on its maps.

18 of these national hot spots are located in Queensland, 14 in New South Wales, 16 in Victoria and 14 in Western Australia.

Then and Now

In earlier years most hot spots followed the mining boom, but now people are moving back to the key states of New South Wales and Victoria where labour market prospects and conditions are much stronger,” says Diwa Hopkins, a HIA economist.

Hopkins says it is interesting to see how hot spot areas tend to correlate with areas marked by governments for population growth.

On the table below are the top 20 Australia’s housing market hot spots. Find the complete list here.

Optimistic Times Ahead for Maintenance Spending

As construction activity in some sectors slows down, opportunities for contractors lie ahead within maintenance work, as spending is set for growth in the next few years.

Construction: What’s in Demand?

Good news for those in building and construction: thanks to the apartment building boom, professionals and tradespeople are highly in demand.

Australia’s Home Renovations Market: the Winter 2016 Renovations Roundup Report – Insights and Analysis

As the market regains its strength, we take a look at what is forecast for the industry’s future.