Residential predicted to slowdown in 2016 as commercial work surges

2016 is predicted to be another big year for the construction sector with a rise in commercial activity making up for a slowdown in residential work.

The construction industry continues to be a driving force for the Australian economy, contributing over $185 billion last year!

commercial property activity rise, construction activity

 

A slowdown in approval rates for building of new units, and  is behind the slowdown in residential which is expected ton continues, and with construction getting underway on a number of new hotels, offices and other industrial property this year, this will make up for the slowdown in residential.

Get registered on ConX today to get notified of all upcoming jobs, commercial or residential with the best employers.