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CSR profit jumps 13 per cent to $166 million on housing boom

Tim BinstedReporter
Updated

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CSR managing director Rob Sindel is not worried about overheating in the property market, while tipping the home building boom to roll on for another 18 months.

Australian builders are scrambling to meet demand for new homes, and records are being set for new home approvals, commencements, and completions, while cheap debt is fuelling dwelling prices in Sydney and Melbourne.

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Tim Binsted writes on Business specialising in Agriculture, Construction, Manufacturing. Tim is based in our Sydney newsroom. Connect with Tim on Twitter.

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    Original URL: https://www.afr.com/markets/equity-markets/csr-profit-jumps-13pc-to-166m-on-housing-boom-20160510-goqsen