Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Resources boom to boost housing industry

By Staff Reporter
26 November 2009 | 1 minute read

Australia is expected to see a further expansion of the resources sector in the next few years, which will ultimately impact the housing industry, says RBA deputy governor Ric Battellino.

Advertisement
Advertisement

At the 6th National Housing Conference in Melbourne yesterday, Mr Battellino said that the key implications for the housing industry are the rate of growth in the population, demand for labour, increased household incomes, and the subsequent demand for housing.

“The construction industry is [also] likely to face substantial competition for workers from the mining sector,” he said.

“While this suggests a generally positive environment for the housing sector, it will not be without its challenges,” Mr Battellino said.

Resources boom to boost housing industry
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Travancore
49.78%
Timboon
49.57%
Dolphin Point
49.51%
Nyah West
49.42%
Preston Beach
49.29%
Newington
48.97%
Killcare Heights
48.89%
Wundowie
48.77%
Homebush
48.44%
Glenside
48.28%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.