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Date PostedJune 9, 2017

This is where HIA believes next housing boom will be

Australia’s residential building boom over the last few years is undeniable and over the 2015/16 financial year, there were more homes built than any other time.

The Housing Industry Association compiled a list of the top 20 residential building areas for this period, deeming these areas as “hotspots” for residential construction.

In these locations the population rose more than the 1.4% national average and at least $150 million worth of residential building was approved during the year.

Nine of the top 20 areas are in New South Wales. Four hotspots were located in Victoria and three in Queensland.

The biggest hotspot was Pimpama, a place wedged between the Gold Coast and Brisbane in Queensland. The population grew at 35.1% and $340.2 million worth of residential dwellings were approved.

In second place was Cobitty-Leppington in Sydney’s Southwestern fringe and third was Palmerston in Darwin.

Peter Cutforth is a Director at Urban E-Learning, a global elearning and web strategy firm based in George St Brisbane. Peter's interests extend to training, safety and compliance, online marketing, and Mobile Apps.

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