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Report highlights statewide construction strength

By Louise Morrin

The latest New South Wales Outlook report released by the Housing Industry Association (HIA) has highlighted the expected strength of 2015's construction sector across the state, especially following the stunning results seen across the real estate market in 2014. 

As housing supply and population figures grow, now could be a great time to consider making your own moves to purchase investment property in Carlton. HIA executive director for New South Wales David Bare said the forecast was even stronger for 2015, with over 50,000 new dwellings expected to be delivered. 

"New home building has become a crucial engine of growth for the NSW economy, and its importance is set to increase further over the next 12 months," said Mr Bare in a 23 February statement. 

"Increased new home building will help improve affordability but it must be sustained."

He said inefficient taxes on housing and a lack of land supply were just two of the issues that could impact the future growth of the New South Wales property market in 2015. But the current rate of construction should inspire confidence for those considering their own investment plans in the coming months. 

Be sure to get in touch with a local real estate agent to discuss the most suitable option for your investment plans today. 

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