Positive indicators point to rising confidence post-Federal election
Confidence in Western Australia’s property industry has jumped nine index points following the Federal election and is now the second highest of any state or territory.
Property industry confidence shows post-election jump but challenges remain
Property industry confidence has jumped following the federal election outcome in a positive sign for the Australian economy, but the Property Council has warned that a number of economic factors remain challenging for the industry which is Australia’s largest employer.
New multi-storey carpark and 70 unit nurses accommodation
The Territory Government announced it will build a multi-storey carpark at Alice Springs Hospital.
Tender for the first stage of works to Richardson Park released
The Territory Government has released a tender for the first stage of works on Richardson Park, which will rejuvenate the space and make it more attractive for the community to enjoy.
Build-to-rent policy faces uphill struggle without tax and regulatory reforms
A UNSW report says that governments need to equalise land taxes and GST treatment if build-to-rent (BtR) apartment blocks are to be feasible in Australia at scale.
APRA lending guidelines and income tax cuts provide welcome confidence boost
APRA’s decision on residential mortgage lending guidelines and successful passage of the Federal Government’s personal income tax cuts package will provide a welcome shot of confidence for the property sector at a critical time for the Australian economy.
More good news for housing affordability
“The passing of the Federal Governments income tax package, means that millions of Australians will have extra income to put towards a deposit for a new home,” stated HIA’s Managing Director, Graham Wolfe.
APRA reduction in mortgage hurdle will boost housing activity
“The announcement by APRA that the mortgage serviceability test is to be relaxed is great news at a time when the potential exists for a recovery in new home building,” Master Builders Australia Chief Economist Shane Garrett said.
Australian PCI®: Construction downturn eases slightly in June 2019
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.6 points to 43.0 in June 2019, indicating a slight easing in the construction industry’s overall rate of contraction (readings below 50 indicate contraction in activity, with the distance from…
Builders commend Senate for tax cuts
“Master Builders Australia commends the Senate for passing the Government’s income tax package in full,” Denita Wawn, CEO of Master Builders Australia said.
States suffer under stamp duty
“Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue,” explained HIA Chief Economist, Tim Reardon.
Housing downturn loses momentum as good news rolls in
“The decline in dwelling approvals appears to be losing momentum. This is a welcome reprieve for the housing industry after the persistent declines measured throughout 2018,” stated HIA Chief Economist Tim Reardon.