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NSW Boosts New Dwelling Construction Figures

new dwelling constructionsNew dwelling constructions have got a shot in their arm, thanks largely to NSW and WA. At a time when chronic housing shortage is a topic for heated debates, an 11% hike in dwelling constructions nationwide is surely a cause for celebration. Venessa Paech for the website realestate.com.au observes the trend.

We will however do well, says Paech, not to jump to erroneous conclusions. Truth be told, the whole nation is not displaying momentum. In fact, if you leave out NSW and WA, the remaining parts of the country have together exhibited only 1% spurt in new constructions. NSW’s figures (31% growth) compensates for the overall weak performance considerably.

You can read the original article here.

By when do you think we will have enough houses to meet the chronic shortage (especially in capital cities)?