prepared by the western australian housing industry forecasting group hifg secretariat department of and works office policy planning 108 adelaide terrace east perth wa 6004 tel 9222 4960 fax 4979 e mail stewart darby dhw gov au projections for 2005 06 2006 07 november ii page left intentionally blank 1 executive summary is pleased to publish its sixth annual outlook on prospects residential sector in australia over next two financial years this report will be updated with a mid year review april that reassess light latest information addresses major sectors particular attention given dwelling commencement forecasts primary focus many government economic importance recent activity continues defy national trend new which has continued grow whilst figures have been declining past