Bt_by Zhuo
Bt_by Zhuo
  • Home
    • About
    • Contact Us
  • News
  • Projects
  • Business
  • Products
  • Subscribe to Magazine
  • Free Trial Subscription

Commercial construction hits high while infrastructure lies low

Tuesday, May 28th, 2019Construction, NewsMelanie Basta

Figures for the first quarter of 2019 show that the construction industry is experiencing highs in the commercial sector but lows in civil infrastructure.

"Official figures for the first quarter of 2019 show that construction activity across Australia dropped by 1.9 percent compared with the end of 2018, but there were signs of growth in some important areas,” says Shane Garrett, Master Builders Australia’s chief economist.

The March 2019 quarter saw commercial building grow by 3.6 percent, while civil construction activity dropped down by 3.9 percent.

“Unfortunately, the decline in civil construction activity during the opening quarter of this year will not be a surprise to the industry. The time taken for government infrastructure announcements to translate into real, visible activity on the ground is often far too long,” says Garrett.

Garrett believes the Government's renewed mandate will drive civil construction projects this year, and with population and employment growth increasing across the nation, so will demand for more offices, schools, hospitals and shops.

“Not surprisingly, residential building moved backwards by 2.3 percent during the March 2019 quarter. Despite the fact that Australia’s population expanded by almost 400,000 over the past 12 months, fewer new homes are being built due to the negative impact of micro-factors including the slow motion credit environment post-Royal Commission,

“We look forward to the quick implementation of the government’s election pledges around First Home Buyer home loans and support for small businesses,” says Garrett.

Image: 123rf's valerijsergeev ©123rf.com





Leave a Reply Cancel Reply

Your email address will not be published.


Comment


Name

Email

Url


Recent Posts

  • Coles and partners Replas, Red Group and RMIT install largest Polyrok pour
  • Common discrimination and no support – the plight of women in construction
  • New tech to make construction at heights safer
  • Construction is about using the right tools for the job and business software is no different
  • New app helps tradies and sole traders stay on top of their finances
Load More...Follow on Instagram








©2019 Niche Media. All Rights Reserved. Terms & Conditions| Privacy Policy

This website uses cookies to provide you with the best browsing experience.

Find out more or adjust your settings.

Better Building Daily
Powered by GDPR plugin
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.