02-08-2008, 12:08 AM
As interest rates fall, the credit crunch eases, and house prices start rising again, I expect a new construction-led boom to kick off in Australia, probably around 2010-2011.
It looks like somebody agrees with me...
We're building towards a home construction boom
By Bob Wilson, 8th August 2008
At some point in the next decade, Australia will experience a massive residential building boom, according to analyst Michael Matusik. In a perfect world, he says, Australia would produce one million new homes in the next five years to meet the underlying demand for owner-occupied, rental, community and social housing.
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