New multi-storey carpark and 70 unit nurses accommodation
The Territory Government announced it will build a multi-storey carpark at Alice Springs Hospital.
Category: News
APRA lending guidelines and income tax cuts provide welcome confidence boost
APRA’s decision on residential mortgage lending guidelines and successful passage of the Federal Government’s personal income tax cuts package will provide a welcome shot of confidence for the property sector at a critical time for the Australian economy.
More good news for housing affordability
“The passing of the Federal Governments income tax package, means that millions of Australians will have extra income to put towards a deposit for a new home,” stated HIA’s Managing Director, Graham Wolfe.
APRA reduction in mortgage hurdle will boost housing activity
“The announcement by APRA that the mortgage serviceability test is to be relaxed is great news at a time when the potential exists for a recovery in new home building,” Master Builders Australia Chief Economist Shane Garrett said.
Australian PCI®: Construction downturn eases slightly in June 2019
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.6 points to 43.0 in June 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…
Builders commend Senate for tax cuts
“Master Builders Australia commends the Senate for passing the Government’s income tax package in full,” Denita Wawn, CEO of Master Builders Australia said.
States suffer under stamp duty
“Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue,” explained HIA Chief Economist, Tim Reardon.
Housing downturn loses momentum as good news rolls in
“The decline in dwelling approvals appears to be losing momentum. This is a welcome reprieve for the housing industry after the persistent declines measured throughout 2018,” stated HIA Chief Economist Tim Reardon.
More evidence of post-election bounce in housing market
“The number of building approvals for new homes across Australia increased during May (2019), adding to evidence that Australia’s housing market is in the early stages of a recovery,” Shane Garrett, Master Builders Australia Chief Economist said.
New apprentice incentives provide timely support
“With new homes sales showing a move back to positive numbers in today’s (July 2 2019) HIA New Homes Sales figures and another cut in interest rates, the commencement of new incentives to support apprentices in the residential building industry is a timely move,” said…
ANZ decreases variable home loan rates
ANZ announced it will decrease variable interest home loan rates in Australia by 0.25%pa, following the Reserve Bank of Australia’s decision to reduce the official cash rate.