Although the homebuilding sector is expected to begin slowing in comparison to last year’s boom, property experts expect commercial construction to take its place.
In a recent article on TheAustralian.com.au the ANZ and Property Council of Australia were quoted, stating that the commercial construction is tipped for a boom.
The latest property survey by ANZ and the Property Council has the commercial construction sector tipped to overtake residential construction in its contribution to economic growth this year.
This could be good news for workers in the construction industry because commercial construction is generally more labor intensive, so this could mean more jobs for the industry.
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