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.
Tag: property
New home sales fall as rush to Homebuilder ends
“New Home Sales in January 2021 were just 12.1 per cent lower than at the same time the previous year,” stated HIA’s Chief Economist, Tim Reardon.
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.
EPBC single touch approval: sensible and long overdue reform
The Property Council of Australia has strongly welcomed the Federal Government’s response to the interim report into Australia’s environmental protection legislation.
COVID-19 keeps property industry confidence down
COVID-19 is keeping property industry confidence at a near-record low level despite an improvement in sentiment for the September 2020 quarter.
Building efficiency for jobs and growth
An advocacy agenda released by a coalition of industry bodies is calling on governments to make every building count in Australia’s economic recovery.
Residential property prices rise 3.9 per cent
Price rises in Sydney and Melbourne drove a 3.9 per cent rise in residential property prices in the December quarter 2019, according to figures released by the Australian Bureau of Statistics (ABS).
Population growth continues to slow
“The Australian population continued to slow in the September 2019 quarter, driven by a reduction in overseas migration,” stated Tim Reardon, HIA’s Chief Economist.
Stimulus package welcome but challenges still ahead
The Federal Government’s economic stimulus package will provide welcome support for Australian businesses and households, but there are still significant challenges ahead as governments manage the public health response to the coronavirus outbreak.
Helping hundreds of Victorians to buy their first home
The Victorian Government is providing a vital helping hand to first home buyers struggling to enter the property market, with more than 250 properties purchased since the launch of the HomesVic shared equity scheme.
Huge call to action for on infrastructure delivery
The 2020 Infrastructure Priority List reveals the scale of the challenge for Australian governments in addressing emerging and enduring infrastructure needs.
Skills shortage remains despite slow down in building
“Despite the housing market cooling during 2019, demand for skilled trades workers remains strong, with demand in Sydney, Melbourne and Brisbane exceeding availability,” said HIA Economist, Angela Lillicrap.