Credit squeeze puts brake on home building
“An unexpected tight squeeze on credit for home buyers is accelerating the slowdown in building activity,” said Mr Tim Reardon, HIA Principal Economist.
Category: News
Inner-city Melbourne’s changing shape
Residents displacing workers in areas neigbouring Melbourne’s CBD, huge shifts in household composition and the influence of the emerging middle class living in Asian megacities are reshaping Melbourne, as planning policy struggles to keep pace with the changes.
Negative gearing poll highlights need for more detail about impact of changes
The Newspoll results on the Federal Opposition’s proposed changes to negative gearing for property underscores the need for more details about their impact on the Australian economy and households.
Housing finance back to 2013 levels
“The slide in home lending activity in September 2018 has taken the number of loans to owner-occupiers down to the lowest level that we’ve seen since 2013,” said HIA Acting Principal Economist, Geordan Murray.
Low rates offer support as housing cycle turns
“As the housing markets in Melbourne and Sydney continue to cool it will be increasingly important that households have clear guidance on any potential changes they may face in home lending,” said Geordan Murray, HIA Senior Economist.
UTS and IKEA launch innovation partnership
A new collaboration between UTS and IKEA will provide a local design hub for thought leaders, aspiring young designers and the community to innovate together to create a better everyday life through thoughtful design.
Stamp duty reform for NSW welcomed
The NSW Treasurer’s announcement of changes to the State’s stamp duty system is a much-needed structural reform which, over time, will help reduce the tax burden on people buying a home in NSW.
Jobs, housing focus on remote Arnhem islands
Several construction projects are underway at communities on Groote Eylandt and its neighbouring Bickerton Island.
Good start to getting rid of stamp duty
“The indexation of Stamp Duty is a step forward in reducing the taxation imposts on housing,” stated Tim Reardon, HIA’s Principal Economist.
Palmerston School project to support 120 construction jobs
The $12.6 million first stage of the Territory Government’s fast-tracked government school at Zuccoli will support 120 construction jobs over the next year.
Rental inflation weakest in quarter of a century
“The pace of increase in rents remains at its slowest in 25 years,” said Shane Garrett, Chief Economist of Master Builders Australia.
Cutting red tape must remain high priority
Laws to create a Director Identifier Number system (‘DIN’) are one step closer but cutting red tape for building and construction businesses must remain top of the agenda.