New home sales remain slow
“Sales for the three months to July (2019) increased by 6.1 per cent on the preceding quarter and remained down by 12.8 per cent compared to this time last year (2018),” stated HIA’s Chief Economist, Tim Reardon.
Tag: housing
Market to stabilise 20 per cent below peak
“The easing of wider economic and housing market conditions has given rise to a situation where monetary and fiscal stimulus is possible, without fear of overheating house prices,” stated HIA’s Chief Economist, Tim Reardon.
Red tape and taxes account for half of a house and land package
“Half of the cost of a house and land package in Sydney is red tape and taxes,” stated Tim Reardon, HIA’s Chief Economist.
Zero Energy Homes the way of the future
Net Zero Energy Homes in Melbourne, Townsville, Canberra and Perth housing developments have been validated as achievable and affordable, but highlighted a market slow to pick up on easy opportunities for improved energy efficiency and thermal comfort.
Property ownership still great Australian dream
More than 70% of Australians still consider property ownership to be the Great Australian Dream, new data has found.
Stimulus measures yet to expand lending for new homes
“Lending to households building and purchasing new homes fell again in June (2019) to be 12.8 per cent lower in 2018/19 than in the previous year,” stated HIA’s Senior Economist, Geordan Murray.
Sharp and shallow downturn in building approvals
“Building approvals in 2018/19 were 19.5 per cent lower than in the preceding year, making this the most significant market correction since the introduction of the GST,” stated HIA Chief Economist Tim Reardon.
More households renting as home ownership falls
The proportion of Australian households renting their home increased to 32 per cent in 2017–18, according to new figures released by the Australian Bureau of Statistics (ABS). This is an increase from 27 per cent in 1997–98.
New home sales stabilise
“New home sales in the June (2019) quarter were up by just 0.8 per cent on the preceding quarter. This is the first quarterly improvement since the December quarter in 2017,” stated HIA’s Chief Economist, Tim Reardon.
Demand for residential land fell in first quarter
“Residential lot sales across Australia fell in the first three months of this year (2019) to set a new record low for land sales,” said HIA Chief Economist Tim Reardon.
More than a billion dollars saved for first home buyers
Victorians buying their first home have saved more than a billion dollars thanks to stamp duty concessions and first home owner grants introduced by the Victorian Government.
What’s Trending in the Pool World?
Despite the knowledge that the average size of the Australian backyard is getting smaller, our love of pools is still continuing to grow, bringing new trends and innovative designs to the traditional pool.