Plus increased infrastructure-related spending in Sydney and Melbourne, which apparently can be a major source of revenue for BIN?
Consumer confidence had been rising from depressed levels, though with the Christmas break we must wait until any further opinion polling is released.
Perhaps housing renovation activity - buttressed by teh Prime Minister and Coalition Government's Menzian enthusiasm for encouraging home ownership percentages to rise - may also be a help.
However apartment construction has declined and as far as I am aware does not show signs of picking up, especially given lower numbers of international students (especially in Melbourne) and the lack of immigration.
BIN Price at posting:
$2.70 Sentiment: Hold Disclosure: Held
