Building Forecasts > Report
Receiving a boost from pandemic related housing stimulus, total building is estimated to have returned to growth in FY2021 (+6%). The latest lead indicators point to a strengthened near-term building investment outlook, with a softer fall back in new home demand post HomeBuilder. The impact of lockdowns in New South Wales and Victoria are expected to be temporary. A firmer pace of growth is now forecast for FY2022 (+7%) and FY2023 (+8%), lifting total building to a record $140.09 billion.
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