Record supply of homes eases affordability
“Housing affordability is about ‘supply and demand’ and for most of this century there have been constraints on new home building that have limited supply and forced up prices.
Tag: housing
Board appointments – National Housing Finance and Investment Corporation
The Government is pleased to announce the appointment of Mr David Cant, Ms Teresa Dyson, Mr Adrian Harrington and Ms Kylie Rampa as part-time Members of the National Housing Finance and Investment Corporation (NHFIC) Board. They will join Mr Brendan Crotty, Chair of the NHFIC…
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.
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…
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.
Builders upbeat despite moderating housing market
Builders remain relatively upbeat despite the moderating housing market, according to the latest real time snapshot of business confidence in the building industry.
Community housing to help vulnerable youth in Bendigo
The Victorian Government is investing in community housing in Bendigo to help vulnerable young people in the region find stable, affordable accommodation.
Building approvals remain strong
“The housing industry experienced a strong month of approvals to end the financial year, with the number of new home approvals rising 4.0 per cent in June 2018,” stated Tim Reardon, HIA’s Principal Economist.
New home sales rise for the first time in 2018
“New home sales rose 2.0 per cent in June 2018, the first rise,” stated HIA’s Principal Economist, Tim Reardon.