Housing finance continues to fall
“ABS data released reinforces the trend of a market continuing to ease back from record highs,” said Tim Reardon, HIA’s Principal Economist.
Tag: residential
New home starts ease in September 2018 quarter
“Strong levels of new home starts underpinned one of the strongest years of residential building activity on record. Results for the second half of the year reflect the softening that have been evident in the broader housing market,” said HIA Senior Economist, Geordan Murray.
Victorian housing continues to cool
“After a sustained boom over recent years, residential building activity in Victoria continues to cool” said Fiona Nield, HIA Executive Director, Victoria.
New home approvals at 5-year low as credit crunch bites harder
Figures for November 2018 show that new approvals for dwellings are down to their lowest since August 2013 as the chill from the credit crunch becomes even more visible.
New home approvals fall to 5-year low
“New home approvals fell by 9.1 per cent in November 2017 to reach their lowest level since August 2013,” commented Diwa Hopkins, HIA Economist.
New communities to ease housing demand and create jobs
The Victorian Government is boosting land supply and making housing more affordable, with two new communities in Melbourne’s north-west.
Housing credit squeeze prompts policy reset
“The removal of the restriction on interest-only lending is essential to addressing the concerning decline in credit growth for new housing,” said Tim Reardon, HIA Principal Economist.
APRA decision on interest-only lending
The Property Council of Australia has welcomed APRA’s announcement that it will remove its supervisory benchmark on interest-only residential mortgages.
New home sales lift
“After a string of weak months, it is pleasing to see new home sales finishing the year on a slightly more positive note,” said Geordan Murray, HIA Senior Economist.
Improving housing affordability
The Property Council of Australia has welcomed Labor’s announcement it will support incentives to meet the need for affordable housing for low to middle income earners.
Industry welcomes Queensland Government Build-to-rent support
The Queensland property industry has welcomed a commitment from the QLD Government to catalyse the development of ‘Build-to-Rent’ residential projects through a new pilot subsidy program.
New home building remains solid despite credit crunch
“New home building held up well during the September 2018 quarter despite the tougher market conditions,” according to Master Builders Australia’s Chief Economist Shane Garrett.