First home buyers help drive housing market
“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.
Tag: housing
March madness sees new home sales spike
“New Home Sales were 39.4 per cent higher in the March 2021 quarter than the same time the previous year,” stated HIA’s Economist, Angela Lillicrap.
Loans for new home building sets new record
“The number of loans for the construction of a new dwelling rose in February marking six consecutive months of record highs,” stated HIA’s Chief Economist, Tim Reardon.
Construction industry recovery continues in February 2021
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) eased slightly by 0.2 points to 57.4 in February (2021), continuing the recovery seen in late 2020 (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion).
Loans for new home building continue to break records
“The number of loans for the construction of a new dwelling rose for the seventh consecutive month and reached a new record in January (2021),” stated HIA’s Economist, Angela Lillicrap.
Residential Land in High Demand in September Quarter 2020
“Demand for residential land jumped by 27.7 per cent in the September 2020 quarter to be 62.7 per cent higher than at the same time last year, reflecting the surge in demand following the announcement of HomeBuilder in June,” said HIA Economist, Angela Lillicrap.
New Home Sales Go Through the Roof in December 2020
“New Home Sales reached remarkable heights in December (2020), nearly doubling compared to the number of sales recorded in November (2020),” stated HIA’s Economist, Angela Lillicrap.
New Home Sales Continue to Surge in November 2020
“New Home Sales increased by a further 15.2 per in November to reach a decade high,” stated HIA’s Economist, Angela Lillicrap.
New Housing Starts Declined in the September 2020 Quarter
“Preliminary figures released by the ABS today (November 25 2020) on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.
New home sales remain elevated in October
“The detached housing market continues to perform strongly and as it accelerates will pull the rest of the Australian economy forward into 2021,” stated HIA’s Chief Economist, Tim Reardon.
Deposit Scheme to House More First Home Buyers
“Changes to the Australian Government’s First Home Loan Deposit Scheme, applying exclusively to those purchasing a new home or apartment, will support jobs in the residential building industry,” said Graham Wolfe, Managing Director, Housing Industry Association.
DIY Kitchen Renovation Myths BUSTED: The True Costs of a Kitchen Build
A renovated kitchen is an investment that will inevitably enhance the appearance and value of your home.