Search

BGC expands in SW

BGC Australia – WA’s largest new home building company _ has announced major expansion plans for the company in the South West.

BGC Housing director Julian Ambrose said the company hoped to capitalise on the growing demand for new homes in the region, with the new homes market in the area already exceeding $400 million annually.

The South West is poised to become a major centre of new housing activity in the next decade as the population in the area is expected to increase by over 23,000 people to a projected 142,200 people by 2011.

“The BGC Group has been assessing the long term economic trends in the South West over the past two years and have made a strategic decision to undertake a major commitment to the area in the coming decade,” Mr Ambrose said.

“As a result, we have now relocated three of our housing divisions in the Bunbury area covering all levels of the housing market – Housing Innovations for first home buyers, National Homes for second home buyers and Statesman Homes for the second and third home market.”

The strong demand for housing is reflected in a buoyant real estate market.

The median price of a house in Bunbury during the past twelve months increased 7.2 per cent compared to a rise of 5.4 per cent in the Perth market.

“For many years, house prices in the South West where significantly below the Perth metropolitan area,” Mr Ambrose said.

However, as the economy has expanded so has the demand for quality new homes.

BGC also plans to build a number of new display homes in the coming year.

“Overall, this decision represents a major financial commitment by BGC Housing in the South West and represents a vote of confidence in the long term prospects of the region,” he said.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byTracc Civil

Total value of current WA projects

2nd-ProbuildNFP
3rd↑PindanNFP
4th-BGC AustraliaNFP
5th↓Doric605,000,000
6th↓John HollandNFP
97 construction companies ranked by total combined value of current WA projects ($)

Employees

10th↓Laing O'Rourke1,200
11th-RCR Tomlinson1,000
12th↓BGC Australia980
13th↑Broadspectrum979
14th↑Southern Cross Electrical Engineering650
88 contractors ranked by total staff in WA

Revenue

1st↑Hancock Prospecting$4.45bn
2nd-Roy Hill Holdings$2.30bn
3rd↓BGC Australia$2.50bn
4th↑Competitive Foods Australia$1.38bn
5th↑Wilson Parking$1.14bn
113 private companies - large ranked by revenue most recent financial year

Ranked by total area owned then by total assets

4th↑GDI Property102,746
5th↓Charter Hall87,002
6th-BGC AustraliaNFP
7th-Investa Property54,679
8th-Centuria49,256
30 property - commercial owners ranked by size of total area in m2

Housing starts

1st-BGC Australia2,436
2nd-ABN Group2,184
3rd-Ventura Home Group1,197
4th↓JWH Group1,012
5th-Summit Homes Group746
47 residential builders ranked by no. of starts (2016/2017)

Number of Employees

Construction Companies

BNiQ Disclaimer