Construction Work Strongest in Three Years

A house under construction can be seen behind an advertising banner at a housing development located in the western Sydney suburb of Oran Park in Australia, Oct. 21, 2017. Reuters/David Gray/File Photo

Australia’s construction industry is growing at its strongest pace in more than three years, buoyed by home building activity against the backdrop of record house prices and mortgage lending.

Low interest rates and the federal government’s HomeBuilder stimulus measures are among the factors driving the home building activity.