Tag Archives: loans

More Good News for NSW Residential Construction

So far a range of indicators have shown positive forecasts towards a stronger NSW residential construction sector.

In the first six months of 2013:

– land sales up in 11 of 14 NSW Regions

– Building Approvals UP 8%

– Construction Loans UP 7%

– Lending for new residential investment property UP 21%.

So far leading industry and economic projections show real growth in NSW construction.This is great news for NSW owner builders.

Tom

Strong NSW Lending Figures Welcomed

The number of loans for the construction or purchase of new dwellings increased by 37.9 per cent year on year during May 2013. Over the three months to May, the number of loans increased by 39.4 per cent year on year.

This encouraging set of figures for May 2013 is in line with the trend over the current months showing a growth in the NSW new home construction market.

Tom.