1. Market Research
  2. > Construction
  3. > Residential Construction Market Trends
Country Forecast Australia April 2018

Country Forecast Australia April 2018

  • April 2018
  • ID: 470397
  • Format: PDF
  • The Economist Intelligence Unit

Summary

Table of Contents

Search Inside


Policy towards private enterprise and competition


2018-19: Competition laws continue to be enforced strongly, slowing consolidation of ownership in some sectors. The federal government privatises the visa processing system.


2020-22: Cash-strapped state governments continue to sell or lease assets, channelling the funds into infrastructure projects.


Policy towards foreign investment


2018-19: Asset acquisitions by foreign state-owned investors continue to face a high degree of scrutiny, with those deemed contrary to the national interest being rejected. Investments from China, in particular, face growing opposition.


2020-22: Restrictions are maintained on foreign investment in "sensitive" sectors, such as banking, agriculture and the media. Review thresholds are increased for some countries as free-trade agreements (FTAs) are signed and come into force.


Foreign trade and exchange controls


2018-19: With other countries, Australia ratifies the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which will come into force in 2019. The government concludes a proposed FTA with Indonesia.


2020-22: An FTA with the EU is concluded, followed soon after by one with the UK. Benefits from the CPTPP start to trickle down.


Taxes


2018-19: The corporate tax rate for companies with turnover of up to A$50m (US$38m) falls to 27.5%. The government struggles to get budgeted tax cuts for larger firms across the line in the Senate (the upper house of parliament). Possible cuts to personal income tax.


2020-22: A Labor Party government moves to increase taxes on capital gains, and to clamp down on both cash refunds for shareholders with excess franking credits and negative-gearing (whereby losses on investment property can be used to offset individual tax liabilities).


Financing


2018-19: The banking royal commission issues its final report and recommendations on tighter regulations for the financial sector. Funding from domestic and foreign sources remains cheap by historical standards, and firms generally continue to enjoy good access to medium-term finance.


2020-22: Access to credit becomes tougher as interest rates increase and banks become more concerned about bad debt.


The labour market


2018-19: Immigration rules for temporary skilled migrants are overhauled, with a tighter focus on filling skills shortages. Wage growth is still subdued. Phased reductions in the Sunday penalty rates for workers continue.


2020-22: Immigration policy is increasingly targeted towards attracting highly trained migrants to plug specific skills gaps. More emphasis is placed on lifting productivity by improving the skills base, especially in schools.


Infrastructure


2018-19: State governments invest in new infrastructure. Energy security comes under greater scrutiny. The roll-out of the National Broadband Network proceeds, but high cost of faster internet packages constrains take-up.


2020-22: Work continues on the A$2bn expansion of the Snowy Mountains Hydroelectric Scheme, the Melbourne to Brisbane Inland Rail, and the new Western Sydney Airport.


Technological readiness


2018-19: Formal standards for the first phase of fifth-generation (5G) broadband are put in place, and 5G trials begin.


2020-22: Progress is expected on the government's Smart Cities Plan, which aims to promote smart investment and the adoption of smart technology in metropolitan and regional cities. Deployment of the Internet of Things gathers pace.



Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2018

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on