“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.
“It is anticipated that almost 130,000 new detached homes will commence construction in 2021. The previous record of 120,000 starts in a calendar year was set in 2018,” stated HIA’s Chief Economist, Tim Reardon.
With access to nature on our doorsteps, it’s no surprise that Australian’s love spending time outside. An increasing demand to enjoy outdoor living at home has turned the humble backyard into an al fresco lifestyle dream. Homeowners investing in this multi-functional space are finding it…
“ABS Building Approvals data for detached houses rose for the sixth consecutive month in December (2020), to reach the largest number of approvals since the series began in 1983,” stated HIA Economist, Angela Lillicrap.
“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.
“New Home Sales reached remarkable heights in December (2020), nearly doubling compared to the number of sales recorded in November (2020),” stated HIA’s Economist, Angela Lillicrap.
“The number of loans for the construction of a new dwelling rose for the sixth consecutive month in November to reach a new record,” stated HIA’s Economist, Angela Lillicrap.
“ABS Building Approvals data for detached houses rose for the fifth consecutive month in November to reach the highest number of approvals since December 1999,” stated HIA Economist, Angela Lillicrap.
“Preliminary figures released by the ABS today (November 25 2020) on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.
“The detached housing market continues to perform strongly and as it accelerates will pull the rest of the Australian economy forward into 2021,” stated HIA’s Chief Economist, Tim Reardon.