Keep mosquitos at bay this season
Australia’s beautiful summer weather usually means sun, sand and ice creams, but it also signals the start of mosquito season, and this year is set to be worse than normal.
New home starts ease in September 2018 quarter
“Strong levels of new home starts underpinned one of the strongest years of residential building activity on record. Results for the second half of the year reflect the softening that have been evident in the broader housing market,” said HIA Senior Economist, Geordan Murray.
Victorian housing continues to cool
“After a sustained boom over recent years, residential building activity in Victoria continues to cool” said Fiona Nield, HIA Executive Director, Victoria.
Local firm wins Albany student accommodation tender
Stage two of Albany’s affordable student accommodation development is set to kick-off, providing a much-needed boost to the local construction industry.
$58 million in Council infrastructure grants and subsidies up for grabs
Queensland’s 77 councils are set to share in $58 million worth of local government grants and subsidies from the QLD Government, with applications opening on Monday (14 January 2019).
New home approvals at 5-year low as credit crunch bites harder
Figures for November 2018 show that new approvals for dwellings are down to their lowest since August 2013 as the chill from the credit crunch becomes even more visible.
Construction ends 2018 in the red amid weaker demand
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 1.9 points to 42.6 in December 2018, indicating a fourth consecutive month of decline and the sharpest rate of contraction in five and a half years (readings below 50…
Victoria’s construction sector leads a strong economy
Victoria’s building industry is among the strongest in the nation, with the Victorian Government’s sound financial management creating jobs and ensuring the state’s economy continues to grow.
Property industry confidence drop demands good policy decisions in 2019
Confidence in the Australian property industry has dropped to its lowest level in more than five years, highlighting the importance of good policy decisions in 2019 to sustain the growth of one of the main drivers for the Australian economy.
New home approvals fall to 5-year low
“New home approvals fell by 9.1 per cent in November 2017 to reach their lowest level since August 2013,” commented Diwa Hopkins, HIA Economist.
New land values for NSW released
The NSW Valuer General released the land values for every parcel of land across NSW. The land values are for the value of the land only, as at 1 July 2018.
Queensland’s building and construction industry set for further reform in 2019
Queensland Minister for Housing and Public Works, Mick de Brenni said that maintaining confidence in Queensland’s $46 billion a year industry was paramount in the wake of concerns raised over the structural integrity of NSW high rise apartment development, Opal.