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1.Market Observations, 8.Was Sticky

16 Feb 2017 (AFR) – Construction costs to rise further but fall short of last boom, RLB says

(16 February 2017, AFR, p35, by Michael Bleby)

‘Construction costs will continue to rise faster than inflation over the next four years as residential work continues to drive activity, Rider Levett Bucknall’s Oceania Report shows. Despite slowing building approvals and new housing starts, the still-elevated levels of housing construction, plus other building, will ensure price growth, even in weaker markets such as Perth and Darwin, the quantity surveying firm’s latest regional report says.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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