Technology in Construction is Now a Reality, with Drones Leading the Charge
Building Up To Smart Skyscrapers
The Big Renewable Projects You Should Know About
NSW's New Construction Plan Calls for Transparency and Collaboration
Can Affordable Housing Even Out Construction Cycle?
How to Gain Leads and Get Ahead of the Competition
How Digital Drawings Are Transforming Construction
The New Green Toolkit — What You Need to Know
By Fiona Hamann
June 22, 2017
NSW and regional Australia have been featured strongly in the list of Australia’s fastest growing housing markets, which were revealed in the HIA’s latest Population & Residential Building Hotspots 2017 report, released earlier this week.
A hotspot is defined as an area where population growth exceeds the national rate of 1.4 per cent and where the value of residential building work approved exceeds $150 million.
Queensland’s Pimpama took the top spot nationally with a population growth rate of 35.1 per cent, followed by NSW’s Cobbitty-Leppington which grew by 27.6 per cent.
The national top 20 Hotspots list features no less than nine (45 per cent) areas located in NSW - all of which are in the greater Sydney area.
HIA Senior economist Shane Garrett believes the record year for home building in 2016 has supported economic activity across Australia: 'The good news on housing is not confined to the major capital cities. Our report shows that regional Australia is also peppered with housing hotspots'.
'The report identifies 86 separate areas in every state and territory across Australia where residential building activity is acting as the engine of economic activity, employment and development. Small businesses are particular beneficiaries of housing activity', he explained.
Despite NSW’s dominance in the national list HIA executive Director David Bare believes the NSW Government must stay committed to implementing policies and timely delivery to maintain the momentum and drive its agenda of affordable housing, and avoid predictions of a weakening in new housing supply.
He said: 'The NSW Government must remain focussed on implementing policies that drive supply, reduce delivery costs and delays', said Bare. 'There is a considerable regulatory burden both existing and in the process of implementation, that is adding unnecessary costs to new housing in NSW and it is reducing housing affordability at a time when the Government is seeking to achieve just the opposite'.
As well as NSW’s nine spots in the top 20, HIA identified hotspots in every state with four in Victoria (in the Top 20), three in Queensland (in the Top 20), two each in WA and NT (in the Top 20), five each in SA and TAS and nine in the ACT.
The full report is available for purchase through www.hia.com.au.
Western Australia’s Housing Prices & Construction Costs Plummet
When life is so busy, it can be easy to get into an unhealthy routine. Here are 11 easy ways to break up your routine and live a healthier, happier life…#1 Make your lunches for the entire week…on ... Read More
Maintaining a streamlined and efficient workflow is one of the primary goals of any construction firm. However, whether due to a lack of skilled la... Read More
Budget. Schedule. Quality. The trifecta of a project. But balancing that trifecta isn't easy to do. Our webinar, led by construction industry exper... Read More
Tim Kelly, S&P Technical Services Manager, looked at numerous document management systems, including EADOC and "probably 10 other systems." What bo... Read More
Workplace safety is a front-of-mind concern for any responsible construction company. Strict adherence and compliance with safety training regulati... Read More
Any construction company will have lots of data sloshing around, and many still rely on archaic methods of logging, filing and using that data, typ... Read More
May 14, 2018
The construction industry is on the rebound after the Great Recession and spending is at an all-time high. In November, investment in new projects ... Read More
May 21, 2018