Construction across Australia has expanded at its fastest ever pace and is now at its highest level since the Ai Group began releasing the Performance of Construction Index (PCI) in September 2005.

According to the Ai Group and the Housing Industry Association, the PCI rose 4.5 points in July to 60.5, the fastest acceleration on record since the index was first taken amid the mining and construction boom in 2005 PCI readings above 50 indicate an expansion in activity, with higher numbers…