Victoria leads the charge in the construction

New figures reveal Victoria leads the charge in the construction of new dwellings, even luring builders from NSW.

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 the 8843 in Victoria and also fewer than Queensland and Western Australia.

Victoria was an exception, and developers

were moving from NSW to Victoria as a result.
(source Peter Martin – Domain)

Open Houses this weekend

Saturday 26th June
12:00pm – 12:30pm 16/3-9 Armytage Street, Lorne
1:00pm – 1:30pm 14a Charles Street, Lorne

See you in Our Backyard.

Michael
Michael Coutts
michael@greatoceanroadrealestate.com.au

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