Home-building to peak in early 2016, Property Council says

Posted by Simon Dehne on October 19, 2015 in Latest News with No Comments

Building NewThe housing construction boom hasn’t yet run out of steam and completions of new homes are likely to peak early next year, before following the approvals rate lower, the Property Council of Australia says.

Completions, which jumped 19 per cent to 189,239 in the year to June as new housing starts also rose to a record, will keep rising in the short term, the lobby group predicts in its latest Residential Development Outlook.

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