Record housing finance data due to COVID-19 shock
“The number of loans to owner occupiers for established homes fell by 9.1 per cent during May 2020 to the lowest monthly level on record,” commented HIA Chief Economist, Tim Reardon.
Tag: residential
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Final touches add certainty to HomeBuilder scheme
HIA welcomes the release of crucial final touches to the Federal Government’s HomeBuilder scheme. “The addition of this extra detail will clarify questions builders and home buyers have been asking since the scheme was announced on 4 June (2020),” said Kristin Brookfield, HIA Chief Executive…
Building defects in strata schemes
There is some confusion among strata mangers about responsibilities on fixing building defects.
Strata building bond and inspections scheme
Here is a reminder about the strata building bond and inspections scheme, which started on 1 January 2018.
New home sales continued to contract in May 2020
“New home sales have fallen in each of the three months since the introduction of COVID-19 restrictions. This will flow through to a reduction in the volume of work on the ground in the second half of this year,” stated HIA’s Chief Economist, Tim Reardon.
COVID-19 yet to Fully Impact ABS Finance Data
“The number of loans to owner occupiers for established homes fell by 6.3 per cent during April 2020,” commented HIA Chief Economist, Tim Reardon.
Building approvals still reporting pre-COVID data
“Building approvals data released today (June 3 2020) by the ABS relates to projects lodged with local councils well before the impact of COVID 19 conditions,” stated HIA Chief Economist, Tim Reardon.
Half a Million Jobs at Risk
New forecasts say new home building will fall by almost 50 per cent, putting half a million jobs at risk over the next year, said HIA.
New home building to contract in second half of 2020
“New home sales have fallen by 22.8 per cent since the introduction on COVID-19 restrictions,” stated HIA’s Chief Economist, Tim Reardon.
Custom pool fences improve backyard aesthetic
A favorite feature sitting in many backyards are swimming pools. With the sunny weather and people enjoying their time outdoors, cooling off in your pool can be the best place to enjoy the sun with family and friends.