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Carlton Reaps Rewards of Demand in Sydney

By Louise Morrin

Construction activity throughout Australia fell during December, according to data from the Australian Industry Group (Ai Group) and Housing Industry Association (HIA).

Figures from the organisations' Australian Performance of Construction Index shows that construction activity declined 4.2 points from the previous month, reaching 50.8.

However, this is still well above the average for 2013, which reached 43.9, and represents continued growth.

"The recent spurt of growth in residential construction continued in December with ongoing strength in both apartment and house building activity," said Ai Group Director of Public Policy Peter Burn in a January 8 media release.

"Commercial construction, while only just in positive territory in December is showing signs that the extended recession in this sector may be drawing to a close. Low interest rates are clearly having their long-awaited impact and the continued growth of new orders means that builders… can look forward to 2014 with a greater degree of confidence than prevailed only a few months ago."

With property values in Sydney increasing 14.5 per cent year-over-year during 2013, and continued demand lending itself to construction activity, it's clear that now is the time for investors to consider purchasing property in Carlton or surrounding regions.

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