Housing market conditions strength in January 2020
“Improvements in the overall housing market are filtering through to new home building conditions,” commented HIA Chief Economist, Tim Reardon.
Tag: residential
Industry stability a key to riding economic waves
“As the Australian government looks to respond to the current global financial uncertainty and identify appropriate policies and stimulus measures to enact, the residential building industry should be one of the most supported,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
Helping hundreds of Victorians to buy their first home
The Victorian Government is providing a vital helping hand to first home buyers struggling to enter the property market, with more than 250 properties purchased since the launch of the HomesVic shared equity scheme.
The Top Kitchen Renovators and Designers in Sydney
Thinking of renovating the heart of the home, but not sure where to start? Kitchens are no longer just a place to cook and share meals. Nowadays, the kitchen is the centre of the home where a large amount of time is spent with family…
NSW Government stamp duty relief a welcome announcement: HIA
“The Housing industry Association (HIA) welcomes the NSW governments announcement it will provide stamp duty relief for those people who have been directly impacted by the tragic bushfires that have swept across the state”, Executive Director NSW HIA David Bare said.
Response Interest rate cut a prudent response
“Today’s (March 3 2020) decision by the RBA board to lower the cash rate is the prudent course of action.
What’s trending in 2020 kitchens?
As the heart of the home, your kitchen plays a central role in everyday life. Whether you use this space as an entertainment area, hosting holiday events or simply a place to hang with the family after a long day, the kitchen brings people together.
Skills shortage remains despite slow down in building
“Despite the housing market cooling during 2019, demand for skilled trades workers remains strong, with demand in Sydney, Melbourne and Brisbane exceeding availability,” said HIA Economist, Angela Lillicrap.
First Home Buyer scheme support millenials and regions
“New data released by the Housing (Supply) Minister shows that the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations and giving a boost to regional areas,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
Demand for residential land picks up
“Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap.
Lending for new homes continues to grow
“Lending to first home buyers increased by 6.2 per cent in the month of December 2019 to be up by 3.6 per cent for the quarter. This is the highest number of first home buyer loans since December 2009,” said Angela Lillicrap, HIA Economist.
Home building starts dip in September 2019 quarter
“While we saw confidence in the broader housing market improve markedly during the second half of 2019, today’s (January 15 2020) building activity data shows that new home starts during the September (2019) quarter continued to retreat,” said Geordan Murray, HIA Senior Economist.