Fastest improvement in affordability in six years
“The HIA Affordability Index rose by 2.2 per cent in the March 2019 quarter to post the most significant improvement in affordability since September 2013,” said Tim Reardon, HIA Chief Economist.
Tag: property
Australians reject risky changes to property tax
The Property Council of Australia has congratulated Prime Minister Scott Morrison and the Coalition on 2019’s federal election result.
1 William Street wins Queensland’s top property honour
A skyscraper that has reshaped the Brisbane skyline has taken out Queensland’s top property award.
International House wins NSW’s top property honour
Australia’s first engineered timber office, International House Sydney, has picked up the state’s top property award.
Rate cut not the only way to curb housing downturn
“The contraction in the housing market over the past six months has occurred faster and is larger in scale than the contraction experienced after the GFC,” said Geordan Murray, HIA Senior Economist.
Australian PCI®: Construction falls at steeper rate in April 2019
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 3.0 points to 42.6 in April 2019, with a return to growth in engineering construction failing to offset continued declines in housing activity, commercial construction and apartment building work…
March 2019 house approvals at five year low
“March (2019) building approvals marked the weakest month for detached house approvals since 2013,” said HIA’s Senior Economist Geordan Murray.
Growing cities must be federal policy priority
The Property Council of Australia has called for cities policy to be a priority for the next federal government.
New home sales show signs of stabilising
“After falling by 8.5 per cent in 2018 new home sales appear to have stabilised in the first quarter of 2019,” stated Geordan Murray, HIA Senior Economist.
Property tax revenues highlight need for reform
The latest ABS data on Australian taxation revenues reinforces the need for comprehensive reform of our federal, state and local tax systems when it comes to property.
ANZ Property Council industry confidence survey June 2019 quarter
A six-year low in property industry confidence levels underscores Treasury’s budget warnings about the risks to the economic outlook from a further deterioration in the housing sector.
Property Council welcomes Labor’s support for Build-to-Rent housing
The Property Council of Australia has strongly welcomed Federal Labor’s commitment to support the establishment of ‘Build-to-Rent’ housing in Australia.