Predictions for the 2019 Real Estate and Construction industry
04 March 2019
BDO in Brisbane Partner, Hung Tran, shares his predictions for the Real Estate and Construction sector in 2019.
The Brisbane market is predicted to continue to perform well despite the slowing down of the Melbourne and Sydney markets. This is largely due to Brisbane’s market affordability.
Another key indicator of positive performance for the sector is the predicted growth in jobs over the next six months which will ensure that migration from down south will continue.
The traditional house and land packages will continue to perform well however; it is predicted that the unit market may slow down due to volume.
The influx of units over the last two years is also slowing down the construction market. The growth of the house and land packages will mean that construction will happen on the housing side of the industry.
Key prediction for 2019: infrastructure is going to be key and a big play in the Queensland market.
For further information on the Real Estate and Construction sector please contact Hung Tran.