July 2019 - Page 4 of 5

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.

Jul 5, 2019

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.

Jul 5, 2019

News

Australian PCI®: Construction downturn eases slightly in June 2019

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.6 points to 43.0 in June 2019, indicating a slight easing in the construction industry’s overall rate of contraction (readings below 50 indicate contraction in activity, with the distance from…

Jul 5, 2019

News

Builders commend Senate for tax cuts

“Master Builders Australia commends the Senate for passing the Government’s income tax package in full,” Denita Wawn, CEO of Master Builders Australia said.

Jul 5, 2019

News

States suffer under stamp duty

“Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue,” explained HIA Chief Economist, Tim Reardon.

Jul 4, 2019

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.

Jul 3, 2019

A breath of fresh airer for winter

Winter is setting in and as we come in from the cold and rain, so too does our laundry. Unfortunately, this leads to cranking up the heat and endless tumble drying to get wet clothes ready to wear, which can seriously affect your energy bills.

Jul 3, 2019

News

Commonwealth Bank cuts home loan interest rates

Reductions for borrowers

Jul 3, 2019

New apprentice incentives provide timely support

“With new homes sales showing a move back to positive numbers in today’s (July 2 2019) HIA New Homes Sales figures and another cut in interest rates, the commencement of new incentives to support apprentices in the residential building industry is a timely move,” said…

Jul 3, 2019

News

ANZ decreases variable home loan rates

ANZ announced it will decrease variable interest home loan rates in Australia by 0.25%pa, following the Reserve Bank of Australia’s decision to reduce the official cash rate.

Jul 2, 2019

New home sales bounce back

“New home sales in May (2019) bounced back to their highest monthly level in over a year,” stated HIA’s Chief Economist, Tim Reardon.

Jul 2, 2019