AUSTRALIA housing investment is growing at its slowest pace since the year , according to chief economist at HSBC , PAUL BLOXHAM , despite a recent upswing in both building projects and housing prices. In a report by HSBC noted that the country’s investors are prioritising investment in non-manufacturing industries; as a result, US could experience a decline in new construction schemes.
Australian housing investment is growing at its slowest pace since 2009, according to chief economist at HSBC, Paul Bloxham, despite a recent upswing in both building projects and housing prices. In a report by The Property Observer, Bloxham noted that the country’s investors are prioritising investment in non-manufacturing industries; as a result, Australia could experience a decline in new construction schemes.