South Australia's builders had previously built between 10,500 and 12,000 homes per year. For the next couple of years it is expected that building will not be much more than 9,000 homes per annum.
Blogger: Darren Standish, Property Prosperity
South Australian housing starts for 2012 represented a fall of 19.5% on the figure for 2011.
Of more concern is that in the 3 months leading up to January 2013 seasonally adjusted approvals were down 35% compared to the same period the previous year.
If building approvals are anything to go by we can expect tough conditions for the years ahead for the South Australian new home building industry.
However the future isnt inevitable particularly if interest rates continue to drop as predicted and the state government makes the predicted reforms to the cost of new homes.
About Darren Standish
Darren Standish established Property Prosperity in 2004 initially as a property development company, however after repeated requests for assistance the business evolved into a development consulting business.
Property Prosperity was initially focused on assisting clients with subdivisions and negotiating with councils to ensure that clients maximized their return on investment. Over the years additional services were gradually added to ensure the development process was as seamless as possible for its clients. We expanded into offering individually tailored finance solutions and then added Property Development Analysis, Property Sales and a Builder Broker Services.
Darren is the overachiever of the team and has more qualifications than your average university graduate. As well as completing a Bachelor in Economics, Bachelor in Commerce and post graduate in Accounting he subsequently went on to complete a Diploma in Financial Service, Diploma in Real Estate and Certificate IV in Building. He is a qualified Certified Practicing Accountant (CPA), a licensed Real Estate Agent, licensed Mortgage Broker and holds a Builders License.