Construction Work At Record High
title: Construction Work At Record High
description: As indicated on Noosa News A RECORD $41.7 billion worth of construction work was completed in the three months to the end of June, buoyed by a surge in residential building.
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RICHARDSON & WRENCH NOOSA https://assets.boxdice.com.au/richardson-wrench-noosa/attachments/13a/512/rw_logo_v2.png?331e0a0f28377fb379b28e2ee35519a2

Construction Work At Record High



As indicated on Noosa News A RECORD $41.7 billion worth of construction work was completed in the three months to the end of June, buoyed by a surge in residential building.

The Australian Bureau of Statistics said on Wednesday total construction work done in the June quarter rose by a seasonally adjusted 3.5 per cent, almost double the growth seen in the previous three months.

Economists’ forecasts had centred on a 3.0 per cent increase in the June quarter.

The data feeds into the June quarter national accounts that will be released next Wednesday.

Other components for gross domestic product so far have seen a positive impact from consumer spending, while exports are expected to give a massive boost to growth.

Total building work rose 5.3 per cent to $21.4 billion in the quarter, with residential building up 7.7 per cent to $11.7 billion.

Non-residential building rose 2.6 per cent, while engineering work was up 1.5 per cent.

Testimonials

Dear Peter, We are writing to express our sincere thanks and admiration at your handling of the sale of our property. Your reputation made you an obvious choice with whom to discuss our proposed sale. We spoke to others but your “low key” approach, your comprehensive marketing plan, intimate knowledge of Sunshine Beach and the industry – and your little red property boards throughout the area supported our exposure to a large number of potential buyers. You committed to handling our property personally, with all negotiations and inspections to be your direct responsibility and you fulfilled this commitment. Your Auction provided a solid base for a satisfactory sale – and you maintained the interest of potential buyers and achieved a result which matched the original expectation you discussed with us. We are delighted with the result achieved at this level in a tough market – all within the space of only 8 weeks – extraordinary. You were without doubt the right person for the task and we will take every opportunity to recommend you to others. Our sincere thanks.
Bronwyn & Barry Francis