HIA launches federal election imperatives
2019’s Federal election presents a golden opportunity for political parties across the spectrum to address the real problems facing the housing industry in 2019.
Tag: residential
New ideas for more diverse housing in Sydney
The City of Sydney is calling for new ideas to boost the diversity of housing across the city, with a focus on identifying & developing new models to increase affordable housing supply.
Positive impact on housing affordability
“For the past five years the building industry has driven economic growth in Australia. In contrast, the Budget assumes that dwelling investment will cool 7 per cent next year (2020).
House approvals continue to cool in February 2019
“Building approvals for detached houses declined again in February (2019), consistent with the trend of the past year,” said HIA’s Chief Economist Tim Reardon.
Budget surplus rests on a healthy housing market
Today’s (April 2 2019) federal budget and its growth projections are heavily reliant on Australia’s falling housing markets holding up, according to the Property Council of Australia.
New home sales trending down
“New home sales remained subdued in February (2019), with just a 1.0 per cent increase across Australia, against a downwards trend that has been evident since the end of 2017,” stated HIA’s Chief Economist, Tim Reardon.
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.
Australia’s home ownership aspirations at risk
“Changes to existing capital gains tax and negative gearing arrangements on residential investment properties proposed by the Federal Opposition will dampen first home buyer capacity to save for their first home,” stated HIA’s Managing Director, Graham Wolfe.
Fall in overseas migration begins to stabilise
“The fall in overseas migration that we have seen for the past 18 months has eased in the most recent quarter,” stated Tim Reardon, HIA’s Chief Economist.
Focus on good growth, not preventing it
Australia’s policy-makers and planners need to focus on delivering good growth, especially in our major cities, rather than looking for ways to prevent it.
Price of land rises as demand falls
“The price of land for new residential building has continued to rise despite a fall in demand,” said HIA Chief Economist Tim Reardon.
Property prices fall 2.4% in the December quarter 2018
Residential property prices fell 2.4 per cent in the December quarter 2018, according to figures released by the Australian Bureau of Statistics (ABS).