New Sydney Construction Record Achieved
Phil McCarroll writes an article for the website Your Investment Property where he says that the number of new homes built in the 12 months leading to June is a record in itself. The Australian Bureau of Statistics (ABS) has declared that 211,976 homes were built during this period. This Sydney construction boom marks a 16.9% increase from the year before.
Australia has seen value growth for three consecutive years now and it has happened only four times in the last six decades.
You can read the original article here.