industry Archives - Get Building

Victoria’s Construction Sector Booming

The Victorian Government is delivering continued economic certainty and growth with Victoria performing as the strongest state for construction work and the third strongest state overall, according to the latest CommSec State of the States report.

Jan 25, 2022

Scarcity of residential land sees prices surge

“A significant increase in the price of land indicates that supply is not keeping pace with demand,” said HIA Economist, Angela Lillicrap.

Jan 21, 2022

News

Pandemic drives ‘super cycle’ of housing demand

“Sales of new detached homes increased by a further 11.3 per cent in December,” stated HIA Economist Tom Devitt.

Jan 20, 2022

InfraBuild acquires Mayfield site

InfraBuild recently reacquired vital infrastructure for its operations in the Port of Newcastle.

Jan 17, 2022

Property price growth strongest on record

Residential property prices rose 6.7 per cent in the June quarter 2021, the strongest quarterly growth since the Residential Property Price Index series began in the September quarter 2003, according to the Australian Bureau of Statistics (ABS).

Jan 17, 2022

New home sales stabilise at strong levels

“Sales of new detached homes appears to have stabilised following the end of HomeBuilder at elevated levels,” stated HIA Economist Angela Lillicrap.

Nov 9, 2021

Australian PCI®: Recovery underway in construction activity in October 2021

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 4.3 points to 57.6 in October, indicating a strong pace of recovery following the sharp fall in August due to COVID-19 restrictions (readings above 50 indicate expansion in activity, with…

Nov 3, 2021

Cost of blocks of land rise twice as fast as building materials

“The cost of residential land has risen more than twice as fast as the cost of building materials over the past year,” said HIA Chief Economist, Tim Reardon.

Oct 28, 2021

In-home renovations set to reopen ahead of schedule

“The reopening of renovations in occupied homes ahead of schedule will provide a much needed boost to the residential building industry and help many families who have been waiting for their home renovations projects to either commence or resume,” said HIA’s Victorian Executive Director, Fiona…

Oct 19, 2021

HomeBuilder sets records in 2020/21

“Today’s (October 13 2021) data from the Australian Bureau of Statistics confirms the size of the HomeBuilder boom, with more detached house commencements than in any previous quarter or year on record,” stated HIA Economist Tom Devitt.

Oct 13, 2021

News

New home sales strengthen in September 2021

“Sales of new detached houses increased by 2.3 per cent in September compared to the previous month,” stated HIA Economist Tom Devitt.

Oct 12, 2021

Buy Australian Plan will not increase local content

Labor’s Buy Australian Plan proposes to grow small to mid-sized Australian construction businesses through changes to government buying practices to “maximise opportunities for Aussie businesses in major infrastructure projects,” but the plan fails to recognise that these projects are already largely built by Australian contractors…

Oct 11, 2021