New home building remains solid despite credit crunch
“New home building held up well during the September 2018 quarter despite the tougher market conditions,” according to Master Builders Australia’s Chief Economist Shane Garrett.
Tag: residential
ACCC authorises agreements to promote affordable housing
The ACCC has granted authorisation for arrangements between SA Housing Authority, Renewal SA and land and property developers, which are designed to increase Adelaide’s supply of affordable housing.
Housing finance back to 2013 levels
“The slide in home lending activity in September 2018 has taken the number of loans to owner-occupiers down to the lowest level that we’ve seen since 2013,” said HIA Acting Principal Economist, Geordan Murray.
New Clik‘n’Fit design boundary fence in Tarragindi, Queensland
New Clik‘n’Fit design boundary fence in Tarragindi, Queensland, by Superior Screens.
Infamous Gatwick hotel resurrected
Situated on Fitzroy Street, in the heart of downtown St Kilda in Melbourne, art deco hotel the Gatwick suffered years of neglect before five couples from The Block undertook its massive renovation.
Stamp duty reform for NSW welcomed
The NSW Treasurer’s announcement of changes to the State’s stamp duty system is a much-needed structural reform which, over time, will help reduce the tax burden on people buying a home in NSW.
Jobs, housing focus on remote Arnhem islands
Several construction projects are underway at communities on Groote Eylandt and its neighbouring Bickerton Island.
Good start to getting rid of stamp duty
“The indexation of Stamp Duty is a step forward in reducing the taxation imposts on housing,” stated Tim Reardon, HIA’s Principal Economist.
Clik’n’Fit Decorative Fencing & Gate Project in Pimpama, Queensland
Clik’n’Fit Decorative Fencing & Gates Project in Pimpama, Queensland, completed by Superior Screens.
Rental inflation weakest in quarter of a century
“The pace of increase in rents remains at its slowest in 25 years,” said Shane Garrett, Chief Economist of Master Builders Australia.
Dwelling approvals fall in September 2018
The number of dwellings approved in Australia fell by 1.9 per cent in September 2018 in trend terms, according to data released by the Australian Bureau of Statistics (ABS).
Downturn in new home sales pauses
“The downturn in HIA New Home Sales paused in September 2018 following declines in the order of 3 per cent in each of the previous two months” commented HIA Economist, Diwa Hopkins.