Fastest improvement in affordability in six years
“The HIA Affordability Index rose by 2.2 per cent in the March 2019 quarter to post the most significant improvement in affordability since September 2013,” said Tim Reardon, HIA Chief Economist.
Category: News
Major expansion approved for Westfield Doncaster
The Victorian Government is ensuring Melbourne remains Australia’s capital for fashion, food and retail with the approval of the masterplan for a $500 million redevelopment at Westfield Doncaster.
Australians reject risky changes to property tax
The Property Council of Australia has congratulated Prime Minister Scott Morrison and the Coalition on 2019’s federal election result.
Intervention to encourage housing investment necessary
“Lending for the purchase or construction of a new home has fallen to its lowest level since September 2013,” stated HIA’s Chief Economist, Tim Reardon.
First Home Buyers continue to drive Australia’s housing market
“The importance of the First Home Buyer (FHB) segment of the market has grown again, with newly released figures for March (2019) showing that their share of the market is at its largest in nearly 7 years,” Shane Garrett, Chief Economist said.
Infrastructure investment a highlight of WA budget
The Australian Industry Group WA congratulates the State Government on the work it has done to assist in returning the WA budget to surplus.
Negative gearing changes put $1.8 billion at risk
More than $1.8 billion per year in repair and maintenance work on negatively geared homes will be under threat from Labor’s policy to impose restrictions on negative gearing.
Mirvac’s premium logistics hub Calibre opens in Western Sydney
Mirvac Group (Mirvac) has celebrated the official opening of its premium logistics hub Calibre, in Eastern Creek. The strategically located industrial precinct delivers high-quality built form and employment outcomes for Western Sydney and sets a new benchmark for industrial and warehouse facilities in Australia.
2019-20 WA Budget
The Housing Industry Association has welcomed the support of the housing industry in the 2019-20 WA budget.
Six design teams announced for Powerhouse Precinct at Parramatta
Australia’s New South Wales (NSW) Minister for the Arts, Don Harwin, announced the six design teams shortlisted for the landmark new Powerhouse Precinct at Parramatta, Sydney.
Rate cut not the only way to curb housing downturn
“The contraction in the housing market over the past six months has occurred faster and is larger in scale than the contraction experienced after the GFC,” said Geordan Murray, HIA Senior Economist.
100 projects and counting for a booming Victoria
Victoria’s building boom is already paying dividends, with the value of infrastructure projects in the state growing by $18 billion or 20.5 per cent over the past year.