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.
“The First Home Buyer share of the home loan market has increased to its highest since early 2012 while investor lending has risen for the second consecutive month,” Master Builders Australia’s Chief Economist Shane Garrett said.
“We could be seeing the early signs of the positive impacts from recent policy stimulus with lending for both new and existing homes up for the month and the quarter,” stated HIA Economist, Tom Devitt.
“The number of new homes commencing construction in the June (2019) quarter increased by 1.1 per cent, the first increase since December 2017,” said Tim Reardon, HIA Chief Economist.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped 2.0 points to 42.6 in September (2019), indicating a sharper rate of decline as the construction industry recorded a 13th consecutive month in contraction (readings below 50 indicate contraction in activity,…
The Housing Industry Association (HIA) welcomes the Federal Government’s focus on improving and reforming Australia’s Vocational Education and Training sector.
“There may have been positive developments in the broader housing market since mid-year but both the HIA New Home Sales Report and ABS building approvals figures show that new home builders were still feeling the winter chill in August (2019) ,” stated HIA Senior Economist…
“Stable population growth is a welcome development for the residential building industry as it will support the industry as it recalibrates to a new equilibrium level,” stated HIA’s Economist, Angela Lillicrap.
Ai Group Head of Policy, Peter Burn, said: “Activity fell for the eleventh consecutive month across the Australian construction industry in August (2019). Activity declined in the residential sectors and in commercial and engineering construction. Apartment building led the way with another steep drop that…