THE AGE BUSINESS MAY 31

BUILDING ACTIVITY HITS RECORD

This article is about how the construction volume has risen by about 9% year on year and is up 2.7% this quarter. in the building sector cost of work rose 11.9% and the volume up 7.5% showing inflation of about 4%. In Victoria the volume dropped 3.9%.

This is bad news for Victoria and if the inflation rises might contribute to interest rate rises as construction contributes about 10% to the national economy this will make it even worse.

This picture was taken from the current top floor last week so far the buildders are still waiting to fing out how many stories will be constructed it will be either 5 or 6. this picture shows a open view of the whole building showing the columns and beams. The previous photo shows pre cast concrete panels and workman checking over it as well as strutting to support the panels