;
MBA Residential Outlook 2015 | News | Absolute Balustrades
Absolute quality, value and services since 1995

MBA Residential Outlook 2015

6/02/2015
MBA Residential Outlook

Some more positive news for the Perth residential market. The MBA just released their Residential Outlook for 2015 and they have forcasted an increase in WA residential building value for 2015 of 2 per cent (see image below). “The 7.5 per cent seasonally adjusted increase in total building approvals for November 2014 reflects confidence in the market with the strength of the result slightly above industry expectations reflecting positive momentum,” stated Peter Jones, Chief Economist for Master Builders Australia.
 

Mr Jones also believes that this will have a positive impact on employment in the construction industry over the next 18 months. Another assumption is that lower interest rates will increase demand in the residential sector.

The commercial market is not looking as positive,  experiencing its' highest office vacancy rates in 20 years, at 14.8 per cent, according to Business News. However, Property Council WA executive director Joe Lenzo remains positive and expects the commercial market to stabilize in coming years.


MBA Residential Outlook
Source: Master Builders Australia



Back to News Page
Testimonials

“I just wanted to let you know how happy we are with the after service of our pool fencing. It is so rare to find a company that stands so strongly behind its product and is passionate about providing the best service.”

Samantha & Roland Scarborough

“I would like to let you know that I am very pleased with not only the finished product but the service we have received from you guys. If only all the other people that we dealt with were as reliable!!-”

Helen Karrinyup

“Thanks for going the extra and your generous assistance over both the jobs, please let all your crew know a good job from order to fit. I will recommend you up here, it looks great.”

Kel & Steph Geraldton