“Preliminary figures released by the ABS today (November 25 2020) on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.
“Changes to the Australian Government’s First Home Loan Deposit Scheme, applying exclusively to those purchasing a new home or apartment, will support jobs in the residential building industry,” said Graham Wolfe, Managing Director, Housing Industry Association.
“The full impact of HomeBuilder is now evident in the HIA’s New Home Sales Report with sales now 11.8 per cent higher in the seven months since restrictions came into effect than at the same time last year (2019),” commented HIA Chief Economist, Tim Reardon.
“The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today (October 9 2020). This is particularly evident in the issuing of loans for the construction of new homes and in lending to first home buyers,” stated HIA’s Chief…
“The impact of HomeBuilder is now emerging in the ABS Building Approvals Data and there is a significant divergence between the outlook for detached and multi-unit dwellings,” stated HIA Economist, Angela Lillicrap.
“Housing finance figures released today ( September 9 2020) show that lending for the construction of a new home rose in July (2020) for the first time since February (2020), to the highest level in two years,” stated HIA’s Chief Economist, Tim Reardon.
Today’s (31 August 2020) report from the National Housing Finance and Investment Corporation (NFHIC) outlines the intital success of the first release of 10,000 guarantees under the First Home Loan Deposit Scheme.