New home sales bounce back
“New home sales in May (2019) bounced back to their highest monthly level in over a year,” stated HIA’s Chief Economist, Tim Reardon.
Tag: residential
Apartment disasters driving buyers to detached housing
The Opal Tower and Mascot Towers crises have had a significant impact on the purchasing decisions of home buyers and investors, who are now looking for alternatives to avoid the risk of buying into a strata development, according to Sydney builder, Thrive Homes.
Aussie homes getting larger & more efficient
Aussie homes are were most likely to have a metal roof, brick veneer walls, and a concrete floor.
Lending for new home building eased in April 2019
“Home lending figures released by the ABS show the number of loans to households building new homes continued to fall in April (2019),” said HIA’s Senior Economist, Geordan Murray.
Delivery of affordable housing a priority
“A commitment to support the delivery of affordable housing on surplus Commonwealth land offers a first insight into the new federal Housing Minister Michael Sukkar’s housing supply agenda,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
Cities, infrastructure and housing in focus in new ministry
The Property Council of Australia has welcomed the announcement of the new Federal Government ministry.
Intervention to encourage housing investment necessary
“Lending for the purchase or construction of a new home has fallen to its lowest level since September 2013,” stated HIA’s Chief Economist, Tim Reardon.
First Home Buyers continue to drive Australia’s housing market
“The importance of the First Home Buyer (FHB) segment of the market has grown again, with newly released figures for March (2019) showing that their share of the market is at its largest in nearly 7 years,” Shane Garrett, Chief Economist said.
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.
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.
Report finds “chronic housing shortages” in western Sydney
Western Sydney Community Forum and Wentworth Community Housing have launched the Home in Western Sydney report at Western Sydney University, to highlight the alarming levels of housing stress experienced in the region.