Just short of $50 billion worth of major residential construction is taking place across the country. Much of it is in NSW & Victoria.
Whilst Queensland is attracting a lion’s share of new engineering & infrastructure-related construction – sparking a well-known economist to exclaim, on national breakfast TV I might add, that Queensland was “Australia’s powerhouse” – new residential construction remains lacklustre.
But hopefully for not for too much longer. [Read more...]