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Report Shows Increase in Residential Construction Rates

The latest Housing Industry Association (HIA) report shows there may be an increase in the number of houses for sale in Bulimba in the future 

As residential construction rates take a turn for the better, the availability of real estate will support the growing buyer demand in the Queensland region. 

"Queensland's housing industry dipped to very low levels of activity during 2011 and 2012. Last year, new dwelling commencements rose by 8.7 per cent and we are optimistic that this heralds the beginning of the long awaited recovery," said HIA's Queensland Executive Director, Warwick Temby.

The forecast for continued growth in new residential construction projects is also positive as housing starts are predicted to rise a further 14.8 per cent in 2014 and by 8.7 per cent in 2015. 

This report is also encouraging for current owners of investment properties and residential real estate in Brisbane, as the industry will help with growing the economy in Queensland.

As other investment industries such as mining see a decline in activity, residential construction is providing a refreshing driver of growth for the state's economy. 

This optimism within the construction industry and Queensland economy indicates it may be a perfect time to consider purchasing property in the region, as more homes being built will assist with market availability. 

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