Rocky recovery for building approvals
“Building approvals fell by 3.7 per cent in the three months to October 2019 after several months of positive growth,” stated HIA Economist Angela Lillicrap.
Year: 2019
Boost to infrastructure spending will create jobs and stimulate activity across the economy
“Ai Group welcomes reports that the federal government will boost infrastructure spending over the next few years. Extra infrastructure work will create new jobs and will lift demand for the wide range of products and services supplied to the engineering construction industry. These impacts can…
Infrastructure fast-track welcomed
The Property Council of Australia has welcomed the Federal Government’s plan to bring forward of spending on infrastructure projects around the country.
HIA welcomes commitment to reduce red tape
HIA welcomes the Government’s announcement that as part of its move to bring forward billions of dollars in infrastructure, it will also be cutting red tape that hinders the progress of projects that are vital to Australian housing.
Outlook for housing market
“New home sales, approvals and housing financing data all suggest that the demand for detached homes has stabilised, albeit, well below levels of the past five years,” stated HIA’s Chief Economist, Tim Reardon.
Shifting the dial on micro-economic reform
The Property Council has welcomed the renewed focus from the federal government on ways to boost productivity through better collaboration with states and territories on micro-economic reform opportunities.
Housing finance continues to climb
“The rejuvenation in the housing market has continued following the three interest rate cuts this year (2019) with lending for the purchase of a home rising 7.4 per cent for the September (2019) quarter,” stated HIA Economist, Angela Lillicrap.
Parties 2020 policy review must rule out changes to Negative Gearing and Capital Gains Tax
Now that the dust has settled after the 2019 Federal election and parties review their policies going into 2020, one thing that must change is the attack on capital gains tax and negative gearing, HIA Managing Director Graham Wolfe said.
Australian PCI®: Construction decline eases as house building approaches stability
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) climbed 1.3 points to 43.9 in October (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 50…
Building approvals: is this a trick or a treat?
“Building approvals rebounded for the month of September (2019), increasing by 7.6 per cent compared to the previous month but remain well below levels experienced in recent years,” stated HIA Chief Economist Tim Reardon.
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.
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.