Residential predicted to slowdown in 2016 as commercial work surges

January 14 2016   12 PM  

2016 is predicted to be another big year for the construction sector with a rise in commercial activity making up for a slowdown in residential work.

The construction industry continues to be a driving force for the Australian economy, contributing over $185 billion last year!

commercial property activity rise, construction activity


A slowdown in approval rates for building of new units, and  is behind the slowdown in residential which is expected ton continues, and with construction getting underway on a number of new hotels, offices and other industrial property this year, this will make up for the slowdown in residential.

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