Residential building industry treading water

By |

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 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 : st marys , cardiff south , berala , albion , queens park

go back

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.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here