New home sales rise for the first time in 2018
“New home sales rose 2.0 per cent in June 2018, the first rise,” stated HIA’s Principal Economist, Tim Reardon.
Tag: residential
Stapled Structures and Build-to-Rent legislative package bring certainty
New rules that clarify the framework for institutional investment in real estate, including allowing investment in Build-to-Rent housing, have been warmly welcomed by the Property Council of Australia, although tax levels for international investors in Build-to-Rent remain a concern.
Mixed developments in capital city land markets
“Residential land prices have started to soften in some markets over the past year,” commented HIA Senior Economist Shane Garrett.
Build-to-Rent model in NSW welcome — now it’s Victoria’s turn
The Property Council of Australia welcomed the announcement by the NSW Government to support a ‘Build-to-Rent’ housing model and has urged the Victorian Government to also take up the opportunity to provide more housing choice.
Streamlining land supply an important housing affordability step
“Housing affordability must remain a key objective to support and encourage first home buyers to enter the market,” says the Housing Industry Association.
House approvals slowing
“The volume of new home approvals appears to have peaked in late 2017 and has cooled modestly during the year,” stated Tim Reardon, HIA’s Principal Economist.
New house sales continue to slide in 2018
“The first half of 2018 has seen a renewed downward trend in new house sales,” said Tim Reardon, HIA’s Principal Economist.
Stamp duty revenue hits new record
“Australian homebuyers paid out over $21 billion in stamp duty to state governments during the 2017/18 financial year – and the total cost of the tax is expected to get even bigger over the next few years,” explained HIA Senior Economist, Shane Garrett.
Planning policy must continue to look forward
“The State Opposition’s announcement that it will re-introduce residential planning controls that restrict low density, low impact redevelopment if elected in November 2018, would be a backwards step for housing in Victoria,” said HIA’s Victorian Executive Director, Fiona Nield.
Housing for Australia’s ‘silver tsunami’ needs better planning
Australia is about to experience a ‘silver tsunami’ with the population aged over 65 growing at a rate never seen before.
Support for trade skills & small business good for residential construction
“The NSW Government is to be commended on funding 100,000 fee-free apprenticeships over the next four years,” said HIA Executive Director NSW, David Bare.
Tropical escape in the heart of Byron Bay
Located opposite a lush nature reserve, in the heart of the market precinct in Byron Bay, is The Barefoot Bay Cottage. The Cottage is the first holiday house to be designed and built for boutique holiday accommodation business, Barefoot Escapes.