While the recent downturn in residential construction has been pronounced when it comes to high-density, a new forecast expects Australian apartments and units to lead the recovery in new home building in the coming years.
Taking in the latest ABS approval data, the February Master Builders Industry Forecast report says the nation is “approaching an inflection point when it comes to new home building activity”, with an updated forecast expecting the residential building sector to return to stronger levels across the next five years.