Australia: Detached Home Building Record Predicted

Housing Industry Organization Chief Economist Tim Reardon has predicted that detached housing production will set an all time record in 2021 in Australia. The demographic shifts resulting from the Covid-19 Pandemic are the root cause. According to Reardon: ““Regional locations in many states are showing a larger increase in activity than capital cities as the population moves away from inner city living.” This mirrors a trend reported in other nations.

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