New data in Australia shows that Western Australia has the strongest market when it comes to residential building. The home builders in Western Australia are significantly enjoying a healthy margin compared to other regions. Aveling Homes which is situated at Perth is among the various home builders that is enjoying this boom in the industry in West Australia. Aveling Development has an unparalleled reputation in the Western Australian market. It has established its name in the western areas and with construction of Aveling Homes; it has further cemented its legacy.
Western Australia builders have a large market lead ahead of regions in Northern Australia and in the New South Wales as data showed.
The Australian Capital Territory took a significant tumble from being the fourth to being the sixth. On the other end, Queensland is still recovering. This data was taken from the report of the Housing Industry Association.
What were the factors that caused the decline in residential building in the Australian Capital Territories? It was reported that the levels of activity coming from the multi-unit segment were low. This was the major factor that pulled the rate down. There were also signs of weakness in the Australian Capital Territories’ detached house building market as pointed out by Geordan Murray, an economist in the Housing Industry Association.
Queensland’s recovery continues to improve and gather momentum. Analysts say that the improvements were because of the boost in the multi-unit home building in the area. When lined up in the national level, Queensland still ranks as the second weakest in Australia. However, it is to be noted that the margin amongst the regions that are ranked at mid-table has narrowed down.
The report that was made available to the public showed that Western Australia and the New South Wales have already caught up with the city of Victoria when it comes to levels of new home construction activities. On a darker note, the report also forecasted that these regions will not continue the upward momentum. The growth will rely heavily on the capacity of the market in Queensland to recover fully and sustain the recovery.