The State That Wasn’t Ready For a Building Boom

CoreLogic construction figures over the 2016/17 financial year show that projects with a value between $1-5 million take an average of 8 months to construct in Australia. 

To provide some context around what a $1-5 million development looks like, think projects on the scale of a service station, a 2-4 storey unit block or a child care centre. 

However, CoreLogic’s Cordell project data in the year to June reveals that Tasmania has longer construction periods than other states and…