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.
Category: Building
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.
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.
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…
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.
$50 million NAIF investment to see Townsville Airport soar into the future
More than 200 local jobs, extra flights and greater tourism activity are expected to flow from a $50 million investment in Townsville Airport by the Australian Government.
Building approvals rise, but cooling trend continues
“Building approvals rose in January (2019) offsetting some of the significant drop experienced in December 2018 as the impact of the credit squeeze continued to affect the housing market,” said Tim Reardon, HIA’s Chief Economist.
Home building slows
“The 2018 calendar year set a record for residential building activity but the amount of building work being done by the industry is now slowing,” said Geordan Murray, HIA Senior Economist.
Additional housing is welcomed but must come with infrastructure and services
The Property Council of Australia has welcomed the announcement that the Victorian Government will release an additional fifty thousand housing lots in Melbourne’s growth corridors but warns that these new communities must be properly planned, and accompanied by appropriate infrastructure and services from the outset.
University students build ‘A House For Life’
Competing in the Solar Decathlon in the Middle East in 2018, The University of Wollongong (UOW) teamed up with TAFE NSW to create the ‘Desert Rose’ house, a net-zero energy home specifically designed for people living with dementia and other age-related diseases.
LGNSW welcomes much-needed building reform
Moves to improve community protection against shonky developers, builders and certifiers is a welcome development after years of inaction at a state level, the local government sector said.