October is National Safe Work Month and Safe Work Australia is reminding Australians of the importance of work health and safety as we face the ongoing challenge of COVID-19.
The Federal Government has given the rebuilding of the economy a big boost by removing overly restrictive lending requirements for finance lenders, including mortgage finance.
“The impact of HomeBuilder is now emerging in the ABS Building Approvals Data and there is a significant divergence between the outlook for detached and multi-unit dwellings,” stated HIA Economist, Angela Lillicrap.
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The Governments plan to improve access to finance is necessary and the move will not only help thousands of new home buyers get into their first home sooner but will also help steer Australia out of the economic problems brought on by Covid-19, Managing Director…
The latest research report from the National Housing Finance and Investment Corporation (NHFIC) on the impact of COVID-19 on population growth and housing is a welcome contribution to policy thinking, and a powerful call to action for the Federal Government on stimulus and migration.
“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.
“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.
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,…
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.