Confidence returning to housing market
“New home sales bounced back in September (2019) to return to levels seen during the latter half of 2018,” stated HIA Economist, Angela Lillicrap.
Tag: property
Support for first home buyers
Further detail about the Federal Government’s plan to help first home buyers through its loan deposit scheme is a welcome step in helping more Australians into property ownership and improving confidence in the housing sector.
HIA supports next steps for First Home Loan Deposit Scheme
“Housing is a national priority and HIA welcomes the Senate passing legislation that will facilitate the next step in making the First Home Loan Deposit Scheme a reality,” stated Graham Wolfe, HIA Managing Director.
Economic growth concerns weigh on property industry sentiment
Property industry sentiment across Australia has retreated from its post-federal election bounce to below the historical average according to the latest ANZ/Property Council Survey for the December 2019 quarter.
Property ownership still great Australian dream
More than 70% of Australians still consider property ownership to be the Great Australian Dream, new data has found.
Infrastructure critical to city transformation: Audit
Australia’s new Infrastructure Audit is a clarion call for the need to keep investing in infrastructure to support the economic and social transformation of our major cities.
Sharp and shallow downturn in building approvals
“Building approvals in 2018/19 were 19.5 per cent lower than in the preceding year, making this the most significant market correction since the introduction of the GST,” stated HIA Chief Economist Tim Reardon.
National agreement to lead to better building standards and regulation
The Property Council of Australia has welcomed today’s (July 18 2019) agreement by Commonwealth, State and Territory building ministers on a national approach to implementation of reforms which will lead to better enforcement and compliance with building standards and regulation.
Housing lending stronger than anticipated
“Home lending figures released by the ABS today (July 11 2019) show the number of loans to households building new homes grew modestly in May (2019),” said HIA’s Senior Economist, Geordan Murray.
Housing affordability the best it’s been since 1999
“The combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter,” said Geordan Murray, HIA Senior Economist.
Dwelling approvals fall in May 2019
The number of dwellings approved in Australia fell by 0.5 per cent in May 2019, in trend terms, according to data released by the Australian Bureau of Statistics (ABS).
State puts improved Queensland’s confidence at risk
Following the federal election, and before the Queensland Budget was handed down, the property industry’s sentiment increased on both a national and state level, according to the latest ANZ/Property Council Survey.