HomeBuilder Starts To Lift Residential Building Loans
New ABS lending figures for July 2020 show that HomeBuilder has started to drive a recovery in loans for home building.
HomeBuilder Keeps December Quarter Afloat
“New Home Sales data released today (16 September 2020) confirms that HomeBuilder will support building activity and protect jobs in the December 2020 quarter,” commented HIA Chief Economist, Tim Reardon.
Demand for residential land surges 70 per cent
“Housing finance figures released today ( September 9 2020) show that lending for the construction of a new home rose in July (2020) for the first time since February (2020), to the highest level in two years,” stated HIA’s Chief Economist, Tim Reardon.
Australian PCI®: Construction industry slump continues into August 2020
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 4.8 points to 37.9 in August 2020, with the pace of decline in business conditions worsening again after a pause in July (readings below 50 points indicate contraction in activity,…
Ground-breaking start for new Mandurah multi-storey car park
Shovels are in the ground as construction commenced on the new $32 million METRONET Mandurah Station multi-storey carpark.
Builders call for National Cabinet consensus to arrest economic decline
Building a National Cabinet consensus to deal cohesively and practically with the tension between the health and economic impact of the virus is the overwhelming imperative to be drawn from the 7% fall in June 2020 quarter GDP.
Building approvals increase 12 per cent in July 2020
“The HomeBuilder program has been very positive for the detached house sector but the impact of this program is yet to be seen in ABS approval data. The lift in detached house approvals in July (2020) is more likely reflect building application lodgement and processing…
First Home Loan Deposit Scheme should grow
Today’s (31 August 2020) report from the National Housing Finance and Investment Corporation (NFHIC) outlines the intital success of the first release of 10,000 guarantees under the First Home Loan Deposit Scheme.
Commercial tenancy code adds cost, red tape for property sector
A new survey of property owners has highlighted the complexity of commercial leasing codes and the delays these have caused in getting relief to tenants as well as the red tape burden placed on the property sector.
Must we be musty? Dealing with mould in your home
You’re holed up at home. Perhaps you’re living under lockdown. You enter your bathroom and notice an unwelcome guest. It’s here. It’s…mould.
Red tape squeezing first home buyers out of the market
“The HIA-Housing Affordability Index for the June (2020) quarter 2020 shows housing in Australia remains at its most affordable since 1999,” state Tim Reardon, HIA’s Chief Economist.
Builders call for $5.1 billion to fund CommunityBuilder grants & extension of HomeBuilder grants
Master Builders Australia is calling for billions in stimulus measures in the October 2020 Federal Budget to support the building and construction industry through the devastating demand shock that is forecast to hit in 2020/2021.