HIA New Home Sales drop to lowest level since 2012
“HIA New Home Sales continued the declining trend that we saw throughout most of 2018,” said Geordan Murray, HIA Senior Economist.
Tag: housing
Housing finance continues to fall
“ABS data released reinforces the trend of a market continuing to ease back from record highs,” said Tim Reardon, HIA’s Principal Economist.
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.
New communities to ease housing demand and create jobs
The Victorian Government is boosting land supply and making housing more affordable, with two new communities in Melbourne’s north-west.
Housing credit squeeze prompts policy reset
“The removal of the restriction on interest-only lending is essential to addressing the concerning decline in credit growth for new housing,” said Tim Reardon, HIA Principal Economist.
New home sales lift
“After a string of weak months, it is pleasing to see new home sales finishing the year on a slightly more positive note,” said Geordan Murray, HIA Senior Economist.
Improving housing affordability
The Property Council of Australia has welcomed Labor’s announcement it will support incentives to meet the need for affordable housing for low to middle income earners.
Sensible heads required on immigration policy
Sensible heads need to prevail regarding Australia’s immigration policy said the Housing Industry Association, following COAG’s determination to make population planning and management a standing item on their agenda.
Victoria still tops the Housing Scorecard…for now
“The strength of new home building in Victoria has once again kept it ahead of New South Wales as the number one state on the Housing Scorecard,” stated HIA’s Acting Principal Economist, Geordan Murray.
Housing investors worst since 2013
Master Builders Australia’s Chief Economist Shane Garrett said the latest housing finance data showed that, “The three months to October 2018 were the worst for housing loans to investors in over 5 years.”
Construction drops again in November 2018 on weaker housing
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) declined by 1.9 points to 44.5 in November 2018, signaling a third consecutive month of decline and the sharpest rate of contraction since February 2015 (readings below 50 indicate contraction in activity,…
Credit squeeze loosens grip in October 2018
“After a string of soft results, home lending activity rose by 2.3 per cent in October 2018,” said HIA Acting Principal Economist, Geordan Murray.