Outlook for housing market
“New home sales, approvals and housing financing data all suggest that the demand for detached homes has stabilised, albeit, well below levels of the past five years,” stated HIA’s Chief Economist, Tim Reardon.
Category: News
Shifting the dial on micro-economic reform
The Property Council has welcomed the renewed focus from the federal government on ways to boost productivity through better collaboration with states and territories on micro-economic reform opportunities.
Housing finance continues to climb
“The rejuvenation in the housing market has continued following the three interest rate cuts this year (2019) with lending for the purchase of a home rising 7.4 per cent for the September (2019) quarter,” stated HIA Economist, Angela Lillicrap.
Parties 2020 policy review must rule out changes to Negative Gearing and Capital Gains Tax
Now that the dust has settled after the 2019 Federal election and parties review their policies going into 2020, one thing that must change is the attack on capital gains tax and negative gearing, HIA Managing Director Graham Wolfe said.
Australian PCI®: Construction decline eases as house building approaches stability
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) climbed 1.3 points to 43.9 in October (2019), indicating a slight easing in the construction industry’s overall rate of contraction (readings below 50 indicate contraction in activity, with the distance from 50…
Building approvals: is this a trick or a treat?
“Building approvals rebounded for the month of September (2019), increasing by 7.6 per cent compared to the previous month but remain well below levels experienced in recent years,” stated HIA Chief Economist Tim Reardon.
Confidence returning to housing market
“New home sales bounced back in September (2019) to return to levels seen during the latter half of 2018,” stated HIA Economist, Angela Lillicrap.
Stronger powers for building regulator under new law
The Victorian Government is delivering greater protections for building and apartment owners under sweeping new changes introduced to Parliament.
Support for first home buyers
Further detail about the Federal Government’s plan to help first home buyers through its loan deposit scheme is a welcome step in helping more Australians into property ownership and improving confidence in the housing sector.
Net zero energy homes to save homeowners on energy costs
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $784,000 in funding to Mirvac Victoria Pty Ltd (Mirvac) to trial their ‘net zero energy’ housing estate in the Melbourne suburb of Altona North.
Government’s commitment to the VET Sector is a welcome signal
The Housing Industry Association (HIA) has supported the Federal Government’s on-going focus on Australia’s Vocational Education and Training (VET) sector, which sits at the foreground of developing Australia’s future skilled workforce.
Residential Land Prices – A Key to Affordability
“The cost of land is one of the main components in determining the price of a new home,” said HIA Economist Angela Lillicrap.