“The need to fast-track the rollout of infrastructure projects has grown more urgent following the June quarter slump in engineering construction activity to be at its lowest level in a decade,” Shane Garrett, Chief Economist of Master Builders Australia said.
NSW Minister for the Arts Don Harwin has announced Kane Constructions as the successful tenderer to develop the next stage of the Australian Museum’s $57.5 million redevelopment known as Project Discover.
“Sales for the three months to July (2019) increased by 6.1 per cent on the preceding quarter and remained down by 12.8 per cent compared to this time last year (2018),” stated HIA’s Chief Economist, Tim Reardon.
“The easing of wider economic and housing market conditions has given rise to a situation where monetary and fiscal stimulus is possible, without fear of overheating house prices,” stated HIA’s Chief Economist, Tim Reardon.
The impending rollout of major government-led transport infrastructure will be good news for thousands of small construction businesses across Australia, according to newly-released forecasts from Master Builders Australia.
Net Zero Energy Homes in Melbourne, Townsville, Canberra and Perth housing developments have been validated as achievable and affordable, but highlighted a market slow to pick up on easy opportunities for improved energy efficiency and thermal comfort.