Residential Property Drives Construction Sector Up

Home construction recorded the second highest increase since September 2005 in the last quarter of last year, according to the Australian Performance of Construction Index (Australian PCI).

The high demand for property is felt as more homes and apartments are built throughout the country. The construction sector can look forward to 2014 with much optimism. Low interest rates are making its presence felt, as more people are taking advantage of this to invest in property. As the country races to meet the demand, the construction sector benefits from it.

Read more about this on the Smart Property Investment website.