South Australia has delivered the nation’s highest level of property sector confidence for the second consecutive quarter – and here are four reasons why.
Property industry sentiment across Australia has fallen for the second consecutive quarter with drops in expectations across a number of key indicators including forward work and staffing levels.
ACT Executive Director of the Property Council, Adina Cirson said that despite confidence dropping over the last 12 months, new industry sentiment results demonstrate increasing optimism towards construction and staffing levels – topping the nation in both indicators.
“Australia’s home building industry beat expectations in commencing construction of 228,480 homes in the 2017/18 financial year. This represents a 3.3 per cent increase on home starts in the previous financial year,” said HIA Economist, Diwa Hopkins.
The Federal Government’s plan for dealing with urban congestion and managing population growth is a pragmatic package which acknowledges the importance of supporting the vibrancy and economic growth of our our big and small cities.
The Green Building Council of Australia (GBCA) has welcomed a new report by the Intergovernmental Panel on Climate Change, which calls for immediate action from all sectors of the economy to stop global warming climbing above the critical 1.5 degree-threshold by 2050.
“The $130 billion residential building industry is an efficient and productive industry that needs easy to understand and flexible employment conditions,” stated Melissa Adler, HIA’s Executive Director – Industrial Relations.
“With home prices falling, access to finance more difficult and fewer people now entering the country, the number of new homes approved for construction has declined,” said Diwa Hopkins, HIA Economist.
A trial housing development on a 34-unit apartment block in North Melbourne has helped people come off social housing waiting lists, thanks to a unique partnership between University of Melbourne, Melbourne City Mission, Resilient Melbourne and the City of Melbourne.
Published in the International Journal of Environmental Research and Public Health, the study investigated 824 cases of people admitted to NSW hospitals over three years with workplace-related traumatic spinal injuries.