Red tape squeezing first home buyers out of the market
“The HIA-Housing Affordability Index for the June (2020) quarter 2020 shows housing in Australia remains at its most affordable since 1999,” state Tim Reardon, HIA’s Chief Economist.
Tag: residential
Millions in stamp duty savings for first home buyers
The Victorian Government is helping more people buy their dream home, with thousands of first home buyers spared millions of dollars in stamp duty costs over the past financial year.
Population growth and finance will constrain building activity
“Prior to COVID-19, population growth had already fallen well below expectations as overseas migration and the natural rate of population growth fell. Left unchecked, this will lead to more subdued building activity over the decade ahead,” stated HIA’s Chief Economist, Tim Reardon.
New Home Sales Elevated Since HomeBuilder
“With two months of data since the introduction of the Australian Government’s HomeBuilder scheme it is increasingly clear that HomeBuilder has arrested the decline in New Home Sales and will protect jobs in the sector into 2021,” commented HIA Chief Economist, Tim Reardon.
Record housing finance data due to COVID-19 shock
“The number of loans to owner occupiers for established homes fell by 9.1 per cent during May 2020 to the lowest monthly level on record,” commented HIA Chief Economist, Tim Reardon.
Innovation in child-safe gate hardware
D&D Technologies is an Australian company dedicated to the design and manufacture of quality, state-of the-art gate latches, locks and hinges.
Make your home more private and secure with a COLORBOND® steel fence
Say goodbye to that gap in the fence that the neighbours can see through.
Final touches add certainty to HomeBuilder scheme
HIA welcomes the release of crucial final touches to the Federal Government’s HomeBuilder scheme. “The addition of this extra detail will clarify questions builders and home buyers have been asking since the scheme was announced on 4 June (2020),” said Kristin Brookfield, HIA Chief Executive…
Building defects in strata schemes
There is some confusion among strata mangers about responsibilities on fixing building defects.
Strata building bond and inspections scheme
Here is a reminder about the strata building bond and inspections scheme, which started on 1 January 2018.
New home sales continued to contract in May 2020
“New home sales have fallen in each of the three months since the introduction of COVID-19 restrictions. This will flow through to a reduction in the volume of work on the ground in the second half of this year,” stated HIA’s Chief Economist, Tim Reardon.
COVID-19 yet to Fully Impact ABS Finance Data
“The number of loans to owner occupiers for established homes fell by 6.3 per cent during April 2020,” commented HIA Chief Economist, Tim Reardon.