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).
Tag: housing
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.
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.
Housing downturn bites into GDP
“The decline in expenditure on residential building became a stronger headwind for economic growth in the final quarter of 2018,” said Geordan Murray, HIA Senior Economist.
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.
Negative gearing changes won’t stimulate new housing demand
The ALP’s proposed changes to taxation arrangements for investment property won’t stimulate investment in new housing as assumed and will lead to a fall in demand for all residential property types according to a survey of current and prospective property investors.
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.
New rules to enforce better apartment quality and open space
Minimum apartment sizes, increased tree retention and new natural light requirements form part of new guidelines to ensure future infill and apartment developments are built to higher design standards.
How to buy and sell your home with real confidence
In SOLD! How to buy and sell your home with real confidence, one of Australia’s leading property experts and buyer’s advocate for The Block, Nicole Jacobs, shares her extensive experience on how to buy and sell your home.
Housing finance continues to fall
“Lending for the purchase of a new home has continued to slow causing the building market to cool,” said Tim Reardon, HIA’s Principal Economist.