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Record low dwelling commencements

Record low dwelling commencements to push prices even higher

The latest dwelling commencement data sets make for woeful reading for anyone waiting and watching for property prices to hopefully fall. While trying to time the market is never a sensible thing to try to do, all of the major indicators point to a period of prolonged upward price pressure because of this serious demand and supply imbalance. Just consider that the trend number of new dwelling commenced has fallen a whopping 15 per cent over the year to December 2023, plus, the quarterly number of commencements – at just 37,207 – is the lowest recorded for years, according to […]

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Why the promise of infrastructure is not enough

Over the next five years, there are nearly $240 billion worth of major public infrastructure projects under way around the country. Now, these projects will be at varying levels of completion at any given point in time, but they are ones that are actually happening. Alas, the same can’t be said for a plethora of other projects, which looked like they were a sure thing but may be unlikely to see the light of day anytime soon.Infrastructure spending When the Federal Government wanted to slash spending last year, it pulled out its red pen and instantly killed off a large

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