Housing construction slow-down impact on GDP
The September 2019 GDP figure reflects the impact of the slow-down in housing construction activity on the Australian economy.
Category: Building
Australian PCI®: Construction decline eases in August 2019
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…
First home buyers surge
“First home buyers are continuing to take advantage of a less competitive environment and more affordable house prices. The number of loans to first home buyers was up by 1.3 per cent for the month and 4.0 per cent for the three months to July…
GBCA and ISCA launch new guide for sustainable city-building
Two of Australia’s leading sustainability organisations have come together to make it easier for industry to deliver sustainability through the infrastructure and buildings that are rapidly shaping our cities.
Housing market continues to cool
“Building approvals continued to cool particularly in the apartment market,” stated HIA Economist Tom Devitt.
Engineering construction slumps as industry waits on infrastructure
“The need to fast-track the rollout of infrastructure projects has grown more urgent following the June quarter slump in engineering construction activity to be at its lowest level in a decade,” Shane Garrett, Chief Economist of Master Builders Australia said.
Commercial construction faced mixed outlook after a high
Forecasts released by Master Builders Australia suggest that the next few years will be a bit softer on the commercial building front.
New home building forecast to weaken further
There is no immediate end in sight to the new home building slump but a recovery is certainly on the horizon, according to forecasts released by Master Builders Australia.
New home sales remain slow
“Sales for the three months to July (2019) increased by 6.1 per cent on the preceding quarter and remained down by 12.8 per cent compared to this time last year (2018),” stated HIA’s Chief Economist, Tim Reardon.
Building ministers need to maintain momentum on regulation compliance and enforcement
Australia’s building ministers must continue the momentum on building regulation compliance and enforcement to deliver better outcomes for property owners and tenants.
Zero Energy Homes the way of the future
Net Zero Energy Homes in Melbourne, Townsville, Canberra and Perth housing developments have been validated as achievable and affordable, but highlighted a market slow to pick up on easy opportunities for improved energy efficiency and thermal comfort.
Infrastructure critical to city transformation: Audit
Australia’s new Infrastructure Audit is a clarion call for the need to keep investing in infrastructure to support the economic and social transformation of our major cities.