Strong pipeline of new homes essential to economy

The construction sector has been thriving for much of this year, which is a situation that continued into the second quarter. Figures from the Australian Bureau of Statistics (ABS) suggested the building boom is showing little signs of slowing down as more residential projects are given the green light.

Nick Proud, the Property Council of Australia's executive director, explained just how important construction is to the overall success of the national economy. However, it's not enough to simply have projects in the pipeline, as they'll need to reach the completion stages.

"Multi-units completions leaving the pipeline over the coming 6 months will be stronger than they historically have been, which is expected to provide options for those looking to buy and rent," commented Mr Proud.

If you've been looking for this type of real estate in Bunbury East, then chances are, you're likely to find it more easily over the coming months. Mr Proud stressed that it's important to make sure approvals keep pace for the remainder of this year and the many months that lie ahead.

The Housing Industry Association also responded to the official figures, which showed a 16.9 per cent year-on-year rise in approvals. Its chief economist Harley Dale said the results represented three years of growth in new home building, which is something the sector can be proud of.

Helping you find a new property in Bunbury East

Locating that ideal real estate in Bunbury East can be difficult, which is why we're on hand to help. With years of experience in the local area, we can assist when it comes to finding your next home, whether it's a new build or existing property.

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