There are various market forces driving change in the residential construction sector, including the ambitions of homeowners to reap the rewards of a seemingly-forever growing property market, technological advancements and their implications for product development, government-led pushes for urban consolidation, and more. However, amongst all of these, the move towards sustainability is perhaps the strongest.
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House prices in Sydney and Brisbane in particular have surged by double-digit figures in just a year. The market is thriving even though the Reserve Bank has raised rates 13 times in 18 months.