The residential building industry of Australia is most self motivated  , active and advanced industries and is a key driver of the Australian economy. The residential building industry has  vibrant  into the manufacturing, supply, and retail sectors and this industry is direct contributory to the Australian economy is over $150 billion per annum, with over one million employees in building and construction, tens of thousands of small businesses, and over 200,000 sub-contractors reliant on the industry for their livelihood.  According to the Australian Bureau of Statistics reaffirms that the housing industry is still focused  new residential building cycle.

Th residential building activity provides employment for over one million Australians and supporting 321,595 firms and directly producing $162 billion worth of economic activity each year. The Housing Industry Association (HIA) maintains domestic demand in Australia,  since the global financial crisis (GFC) many forces have combined together in Australia to the support demand for residential properties including the lower mortgage interest rates, population growth, and economic growth. Economic growth, and hence the population movement into the eastern states such as the New South Wales (NSW) and Victoria have been particularly pronounced, leading to a higher housing demand in these states compared to other states in Australia.

More….