Vic leads on home building

Staff Reporter

New figures released by the Australian Bureau of Statistics today reveal that Victoria remains Australia's busiest state for residential construction.

According to the ABS, Victoria saw $3.2 billion of private sector residential building activity in the September quarter.

In terms of total private sector building activity (including commercial and retail developments), Victoria also led the nation with $5.2 billion of activity.

"Victoria remains Australia's number one state for residential construction," Urban Taskforce chief executive officer Aaron Gadiel said.

"Until 2007, New South Wales was the nation's number one state for building activity - this shouldn't have been surprising given that it's Australia's largest state," he said.

"However, in 2007, Victoria stole New South Wale's title.

"Victoria has never looked back - in the last financial year, for every dollar spent by builders in New South Wales, $1.20 was spent in Victoria," he said.

"It's time the major political parties started articulating coherent plans to get residential construction going again in New South Wales."

New South Wales achieved $1.95 billion of residential private construction activity in the September quarter, according to the ABS.

 

Staff Reporter

New figures released by the Australian Bureau of Statistics today reveal that Victoria remains Australia's busiest state for residential construction.

According to the ABS, Victoria saw $3.2 billion of private sector residential building activity in the September quarter.

In terms of total private sector building activity (including commercial and retail developments), Victoria also led the nation with $5.2 billion of activity.

"Victoria remains Australia's number one state for residential construction," Urban Taskforce chief executive officer Aaron Gadiel said.

"Until 2007, New South Wales was the nation's number one state for building activity - this shouldn't have been surprising given that it's Australia's largest state," he said.

"However, in 2007, Victoria stole New South Wale's title.

"Victoria has never looked back - in the last financial year, for every dollar spent by builders in New South Wales, $1.20 was spent in Victoria," he said.

"It's time the major political parties started articulating coherent plans to get residential construction going again in New South Wales."

New South Wales achieved $1.95 billion of residential private construction activity in the September quarter, according to the ABS.

 

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