Building Sector Continues To Impress: Delahunty

Victorian building activity hit the billion-dollar mark again in September, making it the State's 20th consecutive month above $1 billion and contributing to the best September quarter on record.
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Campaign Builds Consumer Confidence

No one in their right mind would get into a taxi with an unlicensed drive yet recent Building Commission research has revealed that many Victorians continue to use unregistered building practitioners unaware of the high risk involved.
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Trade prices rise as widespread shortages Continue

Australia's $15 billion pipeline of residential work is keeping pressure on construction trade prices and availability.
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Building Approvals Continue To Fall

Building approvals continued to peel off in September, vindicating the decision by the Reserve Bank to leave interest rates on hold.
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Residential Sector Continues To Cool

The fall in building approvals in September provides further evidence that the downturn in the residential building sector continues to gather pace and justifies the decision today by the Reserve Bank of Australia to put rates on hold, according to Master Builders Australia, the peak body for the building and construction industry.
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Construction profit margins under pressure despite predicted growth

An Australian Industry Group survey has predicted strong growth in Australia's engineering and non-residential construction over the next two years, but has warned growth is likely to be diminished by increased pressure on profit marg
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Building approvals fall, retail sales weak

There is a bigger than expected downturn in the housing sector as building approvals have fallen, Master Builders Australia (MBA) said today. It follows a 3.8 per cent fall in building approvals in September, the single biggest monthly fall since May 2001. On a monthly basis approvals have fallen by 11.4% over the past three months with approvals of apartments down 16.5%. This weakness is also obvious in the renovations market with the value of approvals for alterations and additions down 7.5% in the month. The latest retail sales figures were weaker than expected but they may improve in the coming months, boost we've still been getting,'' he said. (SMH 3/11/04)