Business
Employment, prices surge in Australia’s building industry – The Australian Financial Review
There are fears the boom fuelled by HomeBuilder and low rates is setting up Australian construction – a notoriously cyclical industry – for another bust.
Several respondents voiced concerns about future demand once the current house-building boom has run its course.
Australias home-building pipeline is likely to remain full and boost economic growth even as the sugar hit of the governments HomeBuilder stimulus drops out of the system, economists said this week, after new dwelling approvals dropped 8.6 per cent in April, in line with expectations.
The pace of employment growth across the construction sector was the highest recorded since the Australian…
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