Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 22 January 2016

Pipeline

Sydneysiders could certainly be forgiven for wondering what all the fuss is about when the talk turns to a slowing economy, for locally most metrics are continuing to fire.

Better still, fuelled by record stamp duty receipts the harbour city is all set to embark upon a massive infrastructure boom.

Figures tucked away in data released this week showed that New South Wales has an unprecedented $26.1 billion of building work in the pipeline, measured in current prices.

Note that this is not all residential building work, with $9.3 billion of non-residential building projects by value in the pipeline. 


Former Minister for New South Wales Barry O'Farrell certainly seemed pretty pleased with the findings - he even Tweeted a copy of my chart this afternoon.