“An unexpected tight squeeze on credit for home buyers is accelerating the slowdown in building activity,” said Mr Tim Reardon, HIA Principal Economist.
Residents displacing workers in areas neigbouring Melbourne’s CBD, huge shifts in household composition and the influence of the emerging middle class living in Asian megacities are reshaping Melbourne, as planning policy struggles to keep pace with the changes.
Significant progress on Australia’s biggest aviation project in decades took substantial steps forward, with two major contract milestones achieved on Western Sydney Airport.
Australia continues to lead the world’s green building sector with further growth predicted over the next three years, according to a new global report.
The Outdoor Room is a fundamental part of most new house designs and renovations these days. Do it right and not only can it dramatically change the way you live, relax, enjoy family time and entertain but it can also add significant value to your…
The Newspoll results on the Federal Opposition’s proposed changes to negative gearing for property underscores the need for more details about their impact on the Australian economy and households.
“The slide in home lending activity in September 2018 has taken the number of loans to owner-occupiers down to the lowest level that we’ve seen since 2013,” said HIA Acting Principal Economist, Geordan Murray.
“As the housing markets in Melbourne and Sydney continue to cool it will be increasingly important that households have clear guidance on any potential changes they may face in home lending,” said Geordan Murray, HIA Senior Economist.
Situated on Fitzroy Street, in the heart of downtown St Kilda in Melbourne, art deco hotel the Gatwick suffered years of neglect before five couples from The Block undertook its massive renovation.