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.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help with your investment property
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 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 and appointment is free.
We value your privacy and treat all your information seriously - you can check out