Low interest rates and unfulfilled demand were the key movers behind the record expenditure of $56.5 billion on residential construction in Australia during 2014.
As detailed in this article, residential construction's growth of 13 percent as compared to 2013 was the leader of the total construction sector, which recorded a growth of 8.7 percent.
Commercial construction was the weakest sector, posting a growth of only 2.4 percent.
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Yes,absolutely Good news for residential construction sector.
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