Queensland's housing sector forecast for revival
Queensland is emerging as a front runner in the housing market recovery, with experts picking a ...
Queensland is emerging as a front runner in the housing market recovery, with experts picking a strong revival in the state's property sector.
A recent report from the Housing Industry Association (HIA) has revealed that national construction trends appear to be below expectation, but Queensland has bucked the trend with a positive outlook over the next two years.
New forecasts have showed that housing starts in Queensland are expected to rise by 13.3 per cent from 2012 to 2013 - an encouraging result for those interested in property investment in the Sunshine State.
New South Wales and Western Australia have also shown signs of a surge in land investment, with modest growth expectation in new home starts expected over the next two financial years.
Despite encouraging figures in some parts of the country however, this year will be the seventh year out of the last nine that Australia has experienced a fall in new housing starts.
The HIA has predicted that the new home construction sector will experience a modest revival in the next year, with a national increase of 4.9 per cent from 2012 to 2013 and a further growth of 4.4 per cent in 2013 to 2014.