Q3 Cordell Construction Market Movement Report Reveals Shift in Construction Industry

Australia’s construction industry is in a complex shift, reflecting diverse growth in the Australian economy.

While on aggregate, the residential construction space is steadying, there is a dramatic movement away from apartment developments in New South Wales. Property values in the Sydney metropolitan have started to fall, and the pipeline of new residential projects in New South Wales were down 41% in the year to September. In Queensland, apartment developments show little evidence of…