Despite the knowledge that the average size of the Australian backyard is getting smaller, our love of pools is still continuing to grow, bringing new trends and innovative designs to the traditional pool.
“The combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter,” said Geordan Murray, HIA Senior Economist.
“The passing of the Federal Governments income tax package, means that millions of Australians will have extra income to put towards a deposit for a new home,” stated HIA’s Managing Director, Graham Wolfe.
“The announcement by APRA that the mortgage serviceability test is to be relaxed is great news at a time when the potential exists for a recovery in new home building,” Master Builders Australia Chief Economist Shane Garrett said.
“The decline in dwelling approvals appears to be losing momentum. This is a welcome reprieve for the housing industry after the persistent declines measured throughout 2018,” stated HIA Chief Economist Tim Reardon.
“The number of building approvals for new homes across Australia increased during May (2019), adding to evidence that Australia’s housing market is in the early stages of a recovery,” Shane Garrett, Master Builders Australia Chief Economist said.