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).
Tag: property
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.
First Home Buyer scheme support millenials and regions
“New data released by the Housing (Supply) Minister shows that the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations and giving a boost to regional areas,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
Demand for residential land picks up
“Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap.
Access to bushfire standard will help with rebuilding
“Today’s (February 17 2020) announcements that builders and homeowners will be able to easily access the Australian Standard for building in bushfire prone areas will help thousands of people impacted by the recent bushfires move through the rebuilding process a little more smoothly,” said Kristin…
Lending for new homes continues to grow
“Lending to first home buyers increased by 6.2 per cent in the month of December 2019 to be up by 3.6 per cent for the quarter. This is the highest number of first home buyer loans since December 2009,” said Angela Lillicrap, HIA Economist.
Australian PCI®: Construction downturn eases in January 2020 as house building activity improves
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.4 points to 41.3 in January 2020, with the industry’s milder decline this month reflecting less pronounced reductions in activity and new orders (readings below 50 indicate contraction in activity,…
Home building starts dip in September 2019 quarter
“While we saw confidence in the broader housing market improve markedly during the second half of 2019, today’s (January 15 2020) building activity data shows that new home starts during the September (2019) quarter continued to retreat,” said Geordan Murray, HIA Senior Economist.