The outlook for Australia’s residential construction industry in 2012 remains far from rosy, with a turnaround in fortunes unlikely in the first half of the year.
This is according to latest HIA-rpdata.com Residential Land Report, which indicated that despite a modest increase in the number of residential lot sales in the September 2011 quarter, lot sales remain well down on mid-2010 levels.
The marginal increase saw residential land sales climb 1.3% across Australia’s six mainland states, but sales remained 16.8% down on quarterly figures for September 2010.
Capital cities led the recovery with an increase of 4.4% to 6,957 in the September 2011 quarter. In contrast, the volume of lot sales in regional Australia declined by 2.8% to 4,933.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out