Where will future housing affordability gains be made?
“The cuts to interest rates have more than offset the rise in home prices to ensure an ongoing improvement in housing affordability,” stated Tim Reardon, HIA’s Chief Economist.
Month: October 2019
Confidence returning to housing market
“New home sales bounced back in September (2019) to return to levels seen during the latter half of 2018,” stated HIA Economist, Angela Lillicrap.
Stronger powers for building regulator under new law
The Victorian Government is delivering greater protections for building and apartment owners under sweeping new changes introduced to Parliament.
Support for first home buyers
Further detail about the Federal Government’s plan to help first home buyers through its loan deposit scheme is a welcome step in helping more Australians into property ownership and improving confidence in the housing sector.
Net zero energy homes to save homeowners on energy costs
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $784,000 in funding to Mirvac Victoria Pty Ltd (Mirvac) to trial their ‘net zero energy’ housing estate in the Melbourne suburb of Altona North.
Government’s commitment to the VET Sector is a welcome signal
The Housing Industry Association (HIA) has supported the Federal Government’s on-going focus on Australia’s Vocational Education and Training (VET) sector, which sits at the foreground of developing Australia’s future skilled workforce.
Residential Land Prices – A Key to Affordability
“The cost of land is one of the main components in determining the price of a new home,” said HIA Economist Angela Lillicrap.
Greater protection for sub-contractors
In NSW new laws begin on the 21st October 2019 that are designed to offer greater protection to sub-contractors.
Smashing all records
“The amount of commercial building approval surged during August (2019) to record its strongest ever monthly performance,” Master Builders Chief Economist Shane Garrett said.
Prefabricated & tilt-up safety guide
Safe Work Australia has developed a guide on the safe use of prefabricated, tilt-up and concrete elements.
Expensive properties drive market rebound
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains.
Scott Cam leads uptake of more skilled trade jobs
Scott Cam will inspire the next generation of tradespeople in his new role as Australia’s first National Careers Ambassador, helping young Australians take advantage of surging demand for skilled workers.