Outbreak derails WA building recovery
New home building in Western Australia is set to plunge to a new historic low in 2019-20, heaping further pressure on the state government to provide more stimulus to the ailing sector.
Home building activity has been steadily declining in WA since 2014-15. Photo: Shutterstock (Image source: Shutterstock.com)
New home building in Western Australia is set to plunge to a new historic low in 2019-20, heaping further pressure on the state government to provide more stimulus to the ailing sector.
WA state government agency the Housing Industry Forecasting Group today confirmed the COVID-19 outbreak had halted a just-starting recovery in new homebuilding, revising its forecasts to just 12,500 new houses or apartments to be built in 2019-20.
HIFG had previ…
