Intervention to encourage housing investment necessary
“Lending for the purchase or construction of a new home has fallen to its lowest level since September 2013,” stated HIA’s Chief Economist, Tim Reardon.
Tag: residential
First Home Buyers continue to drive Australia’s housing market
“The importance of the First Home Buyer (FHB) segment of the market has grown again, with newly released figures for March (2019) showing that their share of the market is at its largest in nearly 7 years,” Shane Garrett, Chief Economist said.
March 2019 house approvals at five year low
“March (2019) building approvals marked the weakest month for detached house approvals since 2013,” said HIA’s Senior Economist Geordan Murray.
New home sales show signs of stabilising
“After falling by 8.5 per cent in 2018 new home sales appear to have stabilised in the first quarter of 2019,” stated Geordan Murray, HIA Senior Economist.
Report finds “chronic housing shortages” in western Sydney
Western Sydney Community Forum and Wentworth Community Housing have launched the Home in Western Sydney report at Western Sydney University, to highlight the alarming levels of housing stress experienced in the region.
HIA launches federal election imperatives
2019’s Federal election presents a golden opportunity for political parties across the spectrum to address the real problems facing the housing industry in 2019.
New ideas for more diverse housing in Sydney
The City of Sydney is calling for new ideas to boost the diversity of housing across the city, with a focus on identifying & developing new models to increase affordable housing supply.
Positive impact on housing affordability
“For the past five years the building industry has driven economic growth in Australia. In contrast, the Budget assumes that dwelling investment will cool 7 per cent next year (2020).
House approvals continue to cool in February 2019
“Building approvals for detached houses declined again in February (2019), consistent with the trend of the past year,” said HIA’s Chief Economist Tim Reardon.
Budget surplus rests on a healthy housing market
Today’s (April 2 2019) federal budget and its growth projections are heavily reliant on Australia’s falling housing markets holding up, according to the Property Council of Australia.
New home sales trending down
“New home sales remained subdued in February (2019), with just a 1.0 per cent increase across Australia, against a downwards trend that has been evident since the end of 2017,” stated HIA’s Chief Economist, Tim Reardon.
Property Council welcomes Labor’s support for Build-to-Rent housing
The Property Council of Australia has strongly welcomed Federal Labor’s commitment to support the establishment of ‘Build-to-Rent’ housing in Australia.