Fall in overseas migration begins to stabilise
“The fall in overseas migration that we have seen for the past 18 months has eased in the most recent quarter,” stated Tim Reardon, HIA’s Chief Economist.
Tag: building
Price of land rises as demand falls
“The price of land for new residential building has continued to rise despite a fall in demand,” said HIA Chief Economist Tim Reardon.
Industry backs women in building
“Today’s (March 8 2019) commitment by the Hon Kelly O’Dwyer, Minister for Jobs and Industrial Relations and Minister for Women to provide $675,000 in funding for mentoring and promoting the participation of young women in the building industry, is a positive step,” said HIA’s Chief…
Major parties must recommit to growth
Both major parties need to re-commit to policy agendas for economic growth following the worse than expected performance by the Australian economy in the closing months of last year (2018),” said Denita Wawn, CEO of Master Builders Australia.
Boost in approvals in January 2019
“The number of approvals for new home building started 2019 on a positive note with an increase of 2.5% during January (2019) in seasonally-adjusted terms,” according to Master Builders Australia’s Chief Economist Shane Garrett.
Modest easing in construction downturn
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 0.7 points to 43.8 in February 2019, indicating a slightly slower rate of decline for the construction industry on aggregate (readings below 50 indicate contraction in activity, with the distance…
Housing downturn bites into GDP
“The decline in expenditure on residential building became a stronger headwind for economic growth in the final quarter of 2018,” said Geordan Murray, HIA Senior Economist.
$50 million NAIF investment to see Townsville Airport soar into the future
More than 200 local jobs, extra flights and greater tourism activity are expected to flow from a $50 million investment in Townsville Airport by the Australian Government.
CSR Gyprock launches Pro-Repair 10
A lightweight plaster-based compound ideal for small-scale maintenance and repairs.
Building approvals rise, but cooling trend continues
“Building approvals rose in January (2019) offsetting some of the significant drop experienced in December 2018 as the impact of the credit squeeze continued to affect the housing market,” said Tim Reardon, HIA’s Chief Economist.
Builders welcome focus on improving industry commercial conduct
Labor’s “Tradie Pay Guarantee” policy announced is a positive step in highlighting the important contribution building and construction makes to the community and economy, but caution must be taken to avoid adopting overly simple solutions to complex problems.
Home building slows
“The 2018 calendar year set a record for residential building activity but the amount of building work being done by the industry is now slowing,” said Geordan Murray, HIA Senior Economist.