More than a billion dollars saved for first home buyers
Victorians buying their first home have saved more than a billion dollars thanks to stamp duty concessions and first home owner grants introduced by the Victorian Government.
Tag: residential
What’s Trending in the Pool World?
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.
Housing lending stronger than anticipated
“Home lending figures released by the ABS today (July 11 2019) show the number of loans to households building new homes grew modestly in May (2019),” said HIA’s Senior Economist, Geordan Murray.
Fruitful fence-art’s modern revival
Espaliering is the art of training a tree or shrub to grow against a wall or a fence to create a flat two-dimensional affect.
Housing affordability the best it’s been since 1999
“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.
Dwelling approvals fall in May 2019
The number of dwellings approved in Australia fell by 0.5 per cent in May 2019, in trend terms, according to data released by the Australian Bureau of Statistics (ABS).
WA home buyers are the winners in METRONET precincts
The Property Council WA has declared West Australian home buyers the winners in the wake of a State Government commitment not to add to the cost of building homes in METRONET precincts.
Build-to-rent policy faces uphill struggle without tax and regulatory reforms
A UNSW report says that governments need to equalise land taxes and GST treatment if build-to-rent (BtR) apartment blocks are to be feasible in Australia at scale.
More good news for housing affordability
“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.
APRA reduction in mortgage hurdle will boost housing activity
“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.
Housing downturn loses momentum as good news rolls in
“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.
More evidence of post-election bounce in housing market
“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.