1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

How does global trade play a role in the building industry?

March 30, 2012

In the era of globalisation, products and services are shared amongst the international community.

Opportunities for economic development also cross borders - Australian companies have been buying land and investing in property overseas and many foreign countries do the same in Australia.

There are many benefits of trading with countries all over the world, such as more choice, less-expensive materials and market expansion.

But, along with all of the advantages of interconnectivity, there are also a few disadvantages.

For example, it is not always possible to trace the origin of foreign-made products and is therefore difficult to determine if it meets Australian standards.

The Housing Industry Association (HIA) has found this to be an issue in the residential property sector.

"The problem of non-genuine and non-tested building materials and components making their way into in residential building is growing," said HIA managing director Shane Goodwin.

Concerned that the compliance rules have been outpaced by changes in the economy and not enough attention has been given to "how or where products are manufactured or sourced", Mr Goodwin suggests corrective action.

"Our message is that it's just not worth the risk of using inferior materials and components."

Related Articles

Things to look for when renting

Looking for a rental property to call home? There are some important things to keep in mind to ...
read more

Bright tips for lighting rooms

Your residential property is a place you can relax at the end of the day and entertain friends, so ...
read more

Garden trends in bloom

Whether you're a first time buyer or are looking to spruce up your existing home, a beautiful ...
read more

Latest Articles

Is it time for a change?

Is your current home not quite right for your needs? Whatever the reason, you might sell your ...
read more

Growing home lending figures in Western Australia highlight construction rise

Anyone interested in buying land in Western Australia and building their own residential property ...
read more

Calls to keep stamp duty exemption for first home buyers in Western Australia continue

The Real Estate Institute of Western Australia (REIWA) has stood up or the rights of first home ...
read more