Residential property prices rise 3.9 per cent
Price rises in Sydney and Melbourne drove a 3.9 per cent rise in residential property prices in the December quarter 2019, according to figures released by the Australian Bureau of Statistics (ABS).
Category: News
Governments must not shut down civil
The AWU and Master Builders Australia are jointly calling on governments to ensure the building and construction industry continues to operate, because without it the economic knock-on effects would be devastating on a scale that would dwarf what we have seen to date.
Home building industry backs PM in war against Covid-19
HIA is fully supportive of the Government’s rescue package for small business and is confident it will be passed through parliament without delay.
Population growth continues to slow
“The Australian population continued to slow in the September 2019 quarter, driven by a reduction in overseas migration,” stated Tim Reardon, HIA’s Chief Economist.
Dealing with prohibited asbestos
The model WHS Act has been amended to ensure WHS regulators have appropriate powers to deal with prohibited asbestos when it is found in a workplace.
Stimulus package welcome but challenges still ahead
The Federal Government’s economic stimulus package will provide welcome support for Australian businesses and households, but there are still significant challenges ahead as governments manage the public health response to the coronavirus outbreak.
Stimulus measures will support home building
“HIA welcomes the Australian Government stimulus package, particularly the support provided for apprentices,” said HIA Chief Economist, Tim Reardon.
Helping hundreds of Victorians to buy their first home
The Victorian Government is providing a vital helping hand to first home buyers struggling to enter the property market, with more than 250 properties purchased since the launch of the HomesVic shared equity scheme.
Property Council of Australia welcomes government adoption of plan to reduce red tape
The Property Council of Australia has welcomed the Tasmanian Premier’s commitment to further reduce red tape in Tasmania.
NSW Government stamp duty relief a welcome announcement: HIA
“The Housing industry Association (HIA) welcomes the NSW governments announcement it will provide stamp duty relief for those people who have been directly impacted by the tragic bushfires that have swept across the state”, Executive Director NSW HIA David Bare said.
Housing downturn weighs on growth in GDP
“Residential building continued to contract in the final quarter of 2019, weighing on overall economic growth,” said Diwa Hopkins, HIA Senior Economist.
Response Interest rate cut a prudent response
“Today’s (March 3 2020) decision by the RBA board to lower the cash rate is the prudent course of action.