A recent Master Builders survey has revealed 41 per cent of commercial contractors believe commercial building work will decrease over the next six months, with only ten per cent forecasting an increase.
Master Builders Deputy Executive Director Radley de Silva said these results highlighted builders’ concerns about the lack of pipeline work flowing through to the commercial building sector.
Residential building approvals in regional Victoria..
It appears a lack of affordable housing in Melbourne is the key driver for venturing to regional Victoria seek more affordable.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.