Value of Housing Construction Soars

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The value of housing construction is soaring and in the September quarter it reached $15.5 million, according to figures from the Australian Bureau of Statistics.

The housing market throughout Australia has hit an all time high which is an indication that the sector will probably become a driver of economic growth in the country.

The value of residential construction rose by 2 per cent, especially due to the rise in apartment construction.

The healthy residential construction market is expected to off-set the downturn in engineering construction.


Posted by Construction Safety News Admin
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