Residential property prices rise 3.9 per cent
Price rises in Sydney and Melbourne drove a 3.9 per cent rise in residential property prices in the December quarter 2019, according to figures released by the Australian Bureau of Statistics (ABS).
Tag: building
Governments must not shut down civil
The AWU and Master Builders Australia are jointly calling on governments to ensure the building and construction industry continues to operate, because without it the economic knock-on effects would be devastating on a scale that would dwarf what we have seen to date.
Builders back well targeted stimulus
The Government’s $17.6 billion stimulus package should bolster economic resilience in the face of the current challenge.
Industry stability a key to riding economic waves
“As the Australian government looks to respond to the current global financial uncertainty and identify appropriate policies and stimulus measures to enact, the residential building industry should be one of the most supported,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
Huge call to action for governments on infrastructure delivery
The 2020 Infrastructure Priority List reveals the scale of the challenge for Australian governments in addressing emerging and enduring infrastructure needs.
Housing downturn weighs on growth in GDP
“Residential building continued to contract in the final quarter of 2019, weighing on overall economic growth,” said Diwa Hopkins, HIA Senior Economist.
Australian PCI®: Construction decline eases in February 2020
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.4 points to 42.7 in February 2020, with further improvement in house building activity contributing to the industry’s milder rate of decline this month (readings below 50 indicate contraction in…
Building approvals stable in January
“Building approvals in the three months to January 2020 increased by 4.9 per cent compared to the previous three months but remain 2.3 per cent lower than the same time last year (2019),” stated HIA Economist, Angela Lillicrap.
New loan commitments for housing rose 4.4 percent
The value of new loan commitments for housing rose 4.4 per cent in December 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics figures.
Home building a weight on national economy in 2019
“The credit squeeze and its impact on home building weighed heavily on Australia’s economy in 2019,” commented HIA Senior Economist, Diwa Hopkins.
Welcome focus on waste, water in Infrastructure Australia Priority List
The Green Building Council of Australia (GBCA) fully endorses the latest edition of Infrastructure Australia’s Priority List released, welcoming the elevation of critical issues including new High Priority National Initiatives on water, waste and coastal inundation, tied to the central theme of resilience that headlined…
What’s trending in 2020 kitchens?
As the heart of the home, your kitchen plays a central role in everyday life. Whether you use this space as an entertainment area, hosting holiday events or simply a place to hang with the family after a long day, the kitchen brings people together.