Western Australia's civil contractors are feeling the pinch of the government stimulus measures that prompted a surge of new house-and-land sales, with industry calling for timeframe extensions.
The Housing Industry Forecasting Group has estimated dwelling commencements in Western Australia to rise to 17,000 in 2020-21 on the back of government housing stimulus packages.
Vacancies are rising rapidly in the residential leasing market, while at the same time median rents are falling; but that's just the market returning to normal from its recent highs, according to a prominent local property player.
More than 30,000 homes will commence construction in the current financial year, according to the Housing Industry Association's latest forecast, but its predictions for the next few years exceed those made by the state government's residential building forecasting body.
Western Australia's home-building sector may be set to break all-time records in the 2014-15 financial year but the booming conditions aren't likely to last, with a significant slowdown predicted over the next two years.
Western Australia's home builders won't keep up the record pace achieved in 2013-14, with housing starts flagged to fall 14 per cent next year on the back of slowing population growth and a softening economy.
Western Australia's residential construction sector is continuing to exhibit rapid growth, with the state government's official forecaster tipping the highest level of activity in more than two decades.
The state's housing construction market is tipped to remain at its strongest level in years on the back of a 34 per cent increase in dwelling starts in 2012-13.
The number of dwellings expected to be built in Perth this year has increased to 22,500, and is forecast to stay around that level for the next three years.
The Housing Industry Forecasting Group has tipped housing starts will increase by 20 per cent over the next year, followed by a 5 per cent fall in 2011.
A housing industry group is sticking to its forecasts for the state's property sector, tipping housing starts to decline 5 per cent next financial year and no shortage of residential building lots for the next two years.
A MINISTRY of Housing forecasting group has tipped WA dwelling commencements will fall 30 per cent in the coming year before recovering some ground in the following year.In the first six-monthly report into the future of the housing industry, the Housin
