Warren Lynam

NSW construction rates to hit 20-year high by mid-year

NEW home construction in New South Wales is expected to hit a 20-year high by the end of June before slowing over the next two financial years.

The Housing Industry Association's State Outlook report found dwelling starts would increase 18.6% this financial year to a two-decade peak of 54,680.

"NSW ranks as the strongest state economy in the country and the residential building industry is a key driver in achieving this," HIA NSW executive director David Bare said.

New home building was predicted to fall 9.1% in 2015/16, with a further 8.6% drop in 2016/17, taking the number of construction starts down to 45,440.

Renovation activity was projected to increase 2.6% this financial year and a further 6.5% in 2015/16, bringing the value of the state's renovation market to $8.32 billion.

- APN NEWSDESK

 


27 charged with drug and weapons offences

27 charged with drug and weapons offences

Operation Pine charged 27 people with 77 drugs and weapons offences.

Abbott's visit focuses on school attendance

Abbott's visit focuses on school attendance

Former PM suggests changes for better teachers in remote schools.

Tempers flare as Abbott ambushed during Cherbourg visit

Tempers flare as Abbott ambushed during Cherbourg visit

Former PM assured residents he will return to hear their concerns.

Local Partners