Property market in Sydney and Brisbane set to take off , but Melbourne will post slow growth and Perth will fall . The Australian Bureau of Statistics said the national economy grew by 0.3 per cent over the year ending June 30, compared with a 0.2 per cent increase for all of Australia. Housing construction activity has lifted but there is limited scope for a long run of growth in construction .
Property market in Sydney and Brisbane set to take off , but Melbourne will post slow growth and Perth will fall . BIS Shrapnel economic analysts say there are housing shortages in Sydney and southeast Queensland . Housing construction activity has lifted but there is limited scope for a long run of growth in construction .