The Association’s Building Trends member survey revealed 40.7 per cent of residential builders in regional Victoria expected their workforce numbers to decrease over the next twelve months. Declining community confidence, rising unemployment and ongoing drought conditions were all contributing to a reduction in residential building activity.
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.