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.

Queensland’s first Defence Industry Hub has officially opened in Ipswich, with the $5 million facility ready to recruit more businesses to the local defence supply chain.

Premier Annastacia Palaszczuk said the hub, located in the Ipswich CBD, will help grow Queensland’s defence industry and create more local jobs.

The Brisbane market is showing meaningful improvement and appears ready for a long overdue boom. Every statistic that matters depicts uplift in the Brisbane market and prices are expected to rise in 2020.

Many commentators have forecast a Brisbane boom in recent years, though many were simply assuming that the Queensland capital would follow the lead of Melbourne and Sydney. Brisbane, however, has lacked the core growth drivers that boosted markets in the two biggest cities.

Strong Uplift In December 2019 Positions Certain Markets Very Well

The Australian Bureau of Statistics (ABS) has released its December 2019 housing finance data. The results reveal a strong uplift in borrowing for property purchases over the month.

…inner-city completions fall 21 per cent across Australian capital cities in 2019.

…a smaller amount of new projects started in the short-term, and most markets moving into a position of undersupply over the next few years, according to JLL research.