First Home Buyer participation hits 6-year high
“The First Home Buyer share of owner occupier housing loans increased again during June 2018 and is now at its highest since late 2012,” stated HIA Senior Economist, Shane Garrett.
Property industry urges support for NEG
The Property Council of Australia has urged state and territory governments to endorse the National Energy Guarantee (NEG) and support its implementation at the COAG Energy Ministers meeting.
Voting soon opens for Pick My Project
Communities across Victoria have responded overwhelmingly to Pick My Project, putting forward more than 2000 project ideas to the Victorian Government’s community grants initiative.
25 million population – more coordination will help grow benefits and rebuild confidence
“With Australia hitting the 25 million population mark it is a good time to consider both the benefits of our population growth and whether we are planning properly for the future,” Australian Industry Group Chief Executive, Innes Willox, said.
Housing Australians at 25 million
“The population clock has ticked over to 25 million sooner than predicted and it is more important than ever that housing supply is kept strong to ensure affordable housing for future generations,” HIA Deputy Managing Director, Graham Wolfe said.
Housing stable, infrastructure higher
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.4 points to 52.0 in July 2018, signaling industry-wide growth for an 18th consecutive month (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength…
Broad Construction wins $110m in building projects
Broad Construction, has recently secured social and commercial infrastructure projects totalling $110 million, including the design and construct contract for Karingal Green, a state-of-the-art residential aged care precinct for Hall & Prior in Perth, Western Australia.
New regulations fail consumers and builders
The Housing Industry Association (HIA) has sent a submission to the Australian Energy Market Commission to express its concern “that builders and owners of newly constructed homes have faced significant delays in getting power provided to site and meters connected,” after the introduction of the…
Introducing the norsuHOME – the renovation journey
The team behind the Melbourne based Scandinavian Interiors store norsu interiors have been keeping themselves busy in 2018 with a full renovation of Co-Founder Nat Wheeler’s original 1920’s Californian Bungalow in just five short months.
Balanced rental reform welcome; build-to-rent must be in the mix
The Property Council of Australia supports the intent of the Victorian Government’s rental reforms to be introduced to Parliament, but is calling for greater support for a build-to-rent asset class that will provide tenants with greater amenity and security of tenure.
Perth office market vacancy on steady climb down
Results from the July 2018 Property Council Office Market Report confirms Perth has passed peak vacancy and is now on a steady climb down.
Decrease in demand for ACT office space
The Property Council of Australia’s latest Office Market Report shows vacancy rates have declined over the past six months in the Canberra market, despite negative demand.