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Bulky goods sector on the rise
Released 31 March 2011

The bulky goods sector is enjoying the flow on effect of interest rate stability as consumers are starting to once again feel more comfortable spending money on home improvements.   

Bunnings Warehouse Property Trust recently decided to buy 10 more stores, Ikea is set to open its new mega store at Tempe and Charter Hall group, owner of the Home HQ in Artarmon, has selected the sector as one for growth.

Alistair Palmer, bulky goods Director for CB Richard Ellis, told The Sydney Morning Herald that the positive flow-on effect of NSW housing starts would help to lift the sector from five years of negative growth.

“The bulky goods sector is strongly linked to the performance of the housing market,” said Mr Palmer. “Thus, a robust gain in NSW housing starts in 2010 and solid forecasts until 2015 should signal growth opportunities.”