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BIS Blog

    Riding the Rail Wave – A Sleeper Sector No More

    • Posted by Ronal Kumar and Adrian Hart
    • Friday, 01 September 2017

    The bust in resources investment drove a halving in rail construction activity in Australia between 2012 and 2016, but a sustained pipeline of public rail investment will make rail the strongest civil construction growth market over the next decade.

    The Perils of Buying Off-The-Plan

    • Posted by Bernard Law
    • Wednesday, 22 March 2017

    Buying a property off-the-plan (OTP) basically means purchasing a property before it has reached completion. For many, it is an attractive option when compared to buying an established dwelling as buyers often enjoy tax benefits, incentives and exemptions or concessions on stamp duty. However, there are also inherent risks in purchasing OTP. The finished product may differ to the plans or the development may not go ahead at all. Moreover, the time between the OTP sale and the completion and settlement of the dwelling means that OTP buyers are essentially paying today’s prices for a product in tomorrow’s market. This makes sense when the property grows in value. However, slowing price growth across all markets has seen sentiment shift and this has given rise to greater settlement risk.

    Major Transport Projects – Wave, Tsunami or Higher Tide?

    • Posted by Adrian Hart with contributions from Ronal Kumar
    • Thursday, 23 February 2017

    Australia is on the cusp of an upswing in transport related engineering construction over the three years to FY19, led by an unprecedented amount of work on major projects (projects with over $2 billion in construction work done). But is it just another cycle or does it signify the start of a higher plane of infrastructure investment?

    China checks in

    • Posted by Timothy Hibbert
    • Friday, 23 December 2016

    China’s rapid development over recent decades has resulted in a burgeoning middle-upper class ready to see the world and Australia is one of the top destinations. The volume of short term visitors from China has skyrocketed post GFC, roughly tripling over the 2009-2016 period to 1.18 million per annum. As a comparison, short term visitors from the rest of the world lifted only 30% over the same timeframe.

    Divergence emerging in office construction between the major CBD markets

    • Posted by Luka Raznatovic
    • Thursday, 20 October 2016

    While office construction remains weak for the whole of Australia, this national figure does not paint the whole picture. By breaking down office construction by states, a more compelling story emerges.

    The story is one of a two-speed office market. Reflective of their economic performance, Sydney and Melbourne are the standout performers with Perth and Brisbane feeling the pain as the mining boom wanes.

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