29 February 2012
The ABS figures for the December 2011 quarter shows that the value of housing construction in Victoria is 230% more than that of NSW, on a per capita basis, says the Urban Taskforce.
The construction value from NSW housing in the December 2011 quarter was $165 a person while in Victoria it was $381 per person and in Queensland construction value was $243 per person. says Urban Taskforce CEO, Chris Johnson.
NSW construction is very flat at the moment as can be seen from the difficulties of a number of building firms including Kell and Rigby and Reed Constructions.
The construction figures reflect planning decisions approvals made well over a year ago but the fact that NSW is still so far below the other states, on a per capita basis, is making it very difficult for NSW to be number one again. said Mr Johnson
Enclosed is a graphic demonstrating the building value per person for the last quarter for NSW, Victoria, Queensland and Western Australia.
The Urban Taskforce is a property development industry group, representing Australias most prominent property developers and equity financiers.
