Price of land rises as demand falls
“The price of land for new residential building has continued to rise despite a fall in demand,” said HIA Chief Economist Tim Reardon.
Property prices fall 2.4% in the December quarter 2018
Residential property prices fell 2.4 per cent in the December quarter 2018, according to figures released by the Australian Bureau of Statistics (ABS).
Housing investor loans sink to GFC levels
“The amount of credit provided to housing investors in January 2019 was lower than in any month since 2011,” said Master Builders Australia’s Chief Economist, Shane Garrett.
Appointment of new CEO for Green Building Council of Australia
The Property Council has warmly welcomed the appointment of Davina Rooney as the new chief executive officer of the Green Building Council of Australia (GBCA).
Four ways to create a cosy living space
When the weather cools down, it’s our instinct to go into hibernation as we bunker down and spend more time than usual curled up on the couch. Luckily, there are plenty of simple ways to turn your living room into a cosy sanctuary during the…
Credit squeeze continues to hit home finance
“Lending for the purchase of a new home slowed rapidly in the last quarter of 2018 and data released shows that the speed of this decline accelerated in January 2019,” said Tim Reardon, HIA’s Chief Economist.
WA Government Industry Participation Strategy delivering on local jobs and apprenticeships
Since the introduction of the WA Government’s WA Jobs Act in October 2018, about 2,700 local jobs and 134 local apprenticeships have been created across seven government projects.
Industry backs women in building
“Today’s (March 8 2019) commitment by the Hon Kelly O’Dwyer, Minister for Jobs and Industrial Relations and Minister for Women to provide $675,000 in funding for mentoring and promoting the participation of young women in the building industry, is a positive step,” said HIA’s Chief…
Major parties must recommit to growth
Both major parties need to re-commit to policy agendas for economic growth following the worse than expected performance by the Australian economy in the closing months of last year (2018),” said Denita Wawn, CEO of Master Builders Australia.
Boost in approvals in January 2019
“The number of approvals for new home building started 2019 on a positive note with an increase of 2.5% during January (2019) in seasonally-adjusted terms,” according to Master Builders Australia’s Chief Economist Shane Garrett.
Modest easing in construction downturn
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 0.7 points to 43.8 in February 2019, indicating a slightly slower rate of decline for the construction industry on aggregate (readings below 50 indicate contraction in activity, with the distance…
Housing downturn bites into GDP
“The decline in expenditure on residential building became a stronger headwind for economic growth in the final quarter of 2018,” said Geordan Murray, HIA Senior Economist.