Housing market cooling
“The Reserve Bank of Australia left the official cash rate at 1.50 per cent – for a record 19 consecutive months and it seems it won’t change soon”, said the HIA’s Principal Economist, Tim Reardon.
Category: News
Australian PMI reaches record high
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) accelerated in March 2018, jumping by 5.6 points to a record high of 63.1 in the month. The Australian PMI® has now extended its longest run of expansion since 2005 into its 18th month…
Two prime industrial sites purchased in Western Sydney
Frasers Property Australia (Frasers Property) has exchanged contracts to acquire two prime industrial sites in Western Sydney. These acquisitions will benefit from the state and federal government’s Western Sydney Infrastructure Plan (WSIP), encompassing Western Sydney Airport.
New riverside public green space for South Bank
South Bank Corporation has submitted concept plans for a new green riverside open space at its iconic location. The space, formerly occupied by the Riverside Restaurants that were affected by the 2011 floods, will be a world-class example of urban redevelopment.
Plumbing her way to the Commonwealth Games
An award winning female plumber from Slack’s Creek will take part in the Queen’s Baton Relay ahead of the Gold Coast 2018 Commonwealth Games (GC2018) on Tuesday 3 April.
Second monthly fall for new house sales
“Sales of new detached houses declined for the second consecutive month during February 2018, although several key markets experienced growth,” commented HIA Senior Economist Shane Garrett.
Lower emissions from Sydney’s better buildings
The Better Buildings Partnership – a City of Sydney-led collaboration of major property owners – is driving Australia’s world leading sustainable building results, according to GRESB Head of Asia-Pacific, Ruben Langbroek.
Perth and Peel at 3.5million plans the future
The WA Government has released revised plans that assist to guide development across the Perth and Peel region.
Pumped hydro study in Bendigo a success
The Victorian Government is calling for expressions of interest to investigate the viability of using pumped hydro to store electricity in Bendigo’s empty mineshafts.
Construction starts on inner city college in Subiaco
Construction of the new secondary school at Kitchener Park in Subiaco will start.
House prices shift across Australia
“There has been a major change in the pattern of house price growth across Australia’s major cities” said HIA Senior Economist, Shane Garrett.