Daily Archives: 17/06/2010

Victoria leads the nation in construction activity

VICTORIA is the only bright light in an otherwise ailing residential construction industry, accounting for more than twice the private housing starts of any other state. The latest dwelling start figures show New South Wales had the second-worst March quarter in the 40 years records have been kept. Work started on just 3672 private houses in NSW, fewer than half ...

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Australia experiencing normal property growth – by REIA

Mr David Airey, REIA’s President has criticized comments by GMO’s chief strategist Jeremy Grantham – that Australia is in the midst of an unmistakable housing bubble. According to David Airey Australia experiencing normal property growth for house prices. “If Australia was in the midst of a so-called housing bubble, then we have been there for some time. REIA’s data highlights ...

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