Jobs boost as construction begins on new Chevron headquarters
WA Premier Mark McGowan turned the first sod signalling the start of construction on Chevron Australia’s new headquarters at One The Esplanade in Elizabeth Quay, Perth.
Tag: property
Prime development opportunity on Scarborough Beach
One of the most sought-after sites in Scarborough is on the market with expressions of interest sought for redevelopment of the Reserve Street land.
Property industry support for bushfire relief and recovery
Australia’s property industry is supporting emergency relief efforts and is also preparing to provide practical support for the long process of recovery and reconstruction for bushfire-affected communities.
Home buying intentions reach record-high, according to CBA HSI readings
The latest monthly data from the Commonwealth Bank Household Spending Intentions (HSI) Series indicates that home buying spending intentions are running at a record rate with early signs suggesting a positive wealth effect is starting to re-emerge. CBA Chief Economist Michael Blythe says the data…
New home starts hit 7-year low as infrastructure finally grinds into action
“The number of new homes started during the September 2019 quarter has dropped to its lowest point since early 2013, although the news on infrastructure work was a little better,” Master Builders Chief Economist Shane Garrett said.
Housing finance climbs in October 2019
“Housing data is continuing to show that a low point was reached in April to May 2019, with a small improvement in the volume of new work entering the pipeline over the rest of 2019,” stated Tim Reardon, HIA’s Chief Economist.
GDP headline conceals declining housing construction
The lift in GDP for the September 2019 quarter is welcome, but conceals a worrying decline in housing construction which will undermine housing supply and affordability for our growing population.
Infrastructure fast-track welcomed
The Property Council of Australia has welcomed the Federal Government’s plan to bring forward of spending on infrastructure projects around the country.
Parties 2020 policy review must rule out changes to Negative Gearing and Capital Gains Tax
Now that the dust has settled after the 2019 Federal election and parties review their policies going into 2020, one thing that must change is the attack on capital gains tax and negative gearing, HIA Managing Director Graham Wolfe said.
Australian PCI®: Construction decline eases as house building approaches stability
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) climbed 1.3 points to 43.9 in October (2019), indicating a slight easing in the construction industry’s overall rate of contraction (readings below 50 indicate contraction in activity, with the distance from 50…
Building approvals: is this a trick or a treat?
“Building approvals rebounded for the month of September (2019), increasing by 7.6 per cent compared to the previous month but remain well below levels experienced in recent years,” stated HIA Chief Economist Tim Reardon.
Where will future housing affordability gains be made?
“The cuts to interest rates have more than offset the rise in home prices to ensure an ongoing improvement in housing affordability,” stated Tim Reardon, HIA’s Chief Economist.