Melbourne again dominated the country's strongest list of homebuilding markets, according to the Housing Industry Association (HIA) Housing and Population Report.
Twelve of the 20 largest growing areas in Australia are all in the city. "Much of the growth is on the outskirts of Melbourne as the city grows, although downtown suburbs such as Southbank and Docklands are also experiencing strong growth as they evolve to become smaller. adapt to high density living, "said Tim Reardon, chief economist of the IHA. "This is not surprising given the significant investments in infrastructure and the growth of the professional services sector in the region."
The report revealed that the Rockbank-Mount Cottrell area, located west of Melbourne, near Melton, is Australia's main hot spot, with a population growth of 59.4% in 2017- 2018 and building approvals of $ 224.2 million.
"Major infrastructure projects, including the upgrading of the train station and train lines, as well as a new six-lane arterial linking the area, should maintain the momentum of maintaining the region like hot spot next year, "Reardon said.
Mickleham-Yuroke (north of Melbourne's Tullamarine Airport) was the # 1 spot in 2018, but slipped to second place in 2019. Pimpama in Gold Coast, Queensland, meanwhile dropped to third place.
The remaining 20 hotspots are found in Queensland and New South Wales, mainly in areas near the Sydney and Brisbane capitals.
"Due to the slowdown in the residential construction sector, the number of hotspots to come will likely be more centralized in major capitals such as Melbourne and Sydney," said Reardon.
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