Governments must act now on building industry crisis
The insurance industry said state and territory governments must take a nationally consistent and collaborative approach to resolving the building and construction sector crisis.
Category: News
Medium density planning pause extended
A further three-months planning pause for medium density housing is a sensible step in helping ensuring measured, future-focused planning which will determine neighbourhoods for decades to come, Local Government NSW (LGNSW) said.
Population growth will support building activity
“Dramatic changes in migration intake can create shocks in demand for private sector businesses, including those in the residential building industry. Changes to migration policies that slow population growth risk adversely impacting Australia’s potential for economic growth,” stated HIA’s Chief Economist, Tim Reardon.
Construction begins on Hotel Rottnest revamp
WA Tourism Minister Paul Papalia has turned the first sod to mark the start of construction on the redevelopment of Hotel Rottnest.
Austin Lane contract awarded
The Territory Government is creating jobs and revitalising Darwin’s CBD with works on Austin Lane awarded to local contractor PTM Group Pty Ltd for $824,000.
Slowing economy underlines need for faster infrastructure roll out
“The fact that economic growth is now at its weakest in a decade makes the task of actioning new infrastructure projects all the more urgent,” Shane Garrett, Chief Economist of Master Builders Australia said.
Bentley 360 development roars ahead as Brownlie Towers come down
The demolition of the Brownlie Towers apartment complex has finished, marking a critical milestone for Bentley 360 – one of Western Australia’s biggest urban infill projects.
Green Square urban development
Sydney’s fastest-growing neighbourhood has received national recognition as one of Australia’s most sustainable communities.
Lending for new home building eased in April 2019
“Home lending figures released by the ABS show the number of loans to households building new homes continued to fall in April (2019),” said HIA’s Senior Economist, Geordan Murray.
Delivery of affordable housing a priority
“A commitment to support the delivery of affordable housing on surplus Commonwealth land offers a first insight into the new federal Housing Minister Michael Sukkar’s housing supply agenda,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
Construction falls at steepest rate in six years
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 2.2 points to 40.4 in May 2019 – a ninth consecutive month of contraction and its steepest rate of decline in six years (readings below 50 indicate contraction in…
Commonwealth Bank home loan interest rate change
Commonwealth Bank announced it will reduce interest rates on Standard Variable Rate (SVR) home loans by 0.25% per annum.