New ABS lending figures for July 2020 show that HomeBuilder has started to drive a recovery in loans for home building.
The Territory Government have released 100 barramundi across a number of Palmerston lakes.
Disaster assistance has been made available to help communities in the Great Southern region recover from the damage caused by heavy rainfall and severe flooding last month (August 2020).
“New Home Sales data released today (16 September 2020) confirms that HomeBuilder will support building activity and protect jobs in the December 2020 quarter,” commented HIA Chief Economist, Tim Reardon.
While prices of Australian agricultural land are at record highs in many regions, the market is entering a new phase, with low – to no – growth in median prices forecast over the next 18 months, according to a new industry report.
The massive, state-wide clean-up effort following the devastating 2019-20 Victorian bushfires has finished on schedule, with 736 properties across East Gippsland and North East Victoria cleared of destroyed and damaged buildings free of charge.
North and north-west Queensland communities will benefit from more than $10 million to repair, rebuild and reinforce infrastructure damaged by the 2019 monsoon trough.
The first shovel-ready project in Western Australia has been delivered under the state’s recent $223 million infrastructure boost, with upgrades on the Great Eastern Highway – Coates Gully Bridge now complete.
“Housing finance figures released today ( September 9 2020) show that lending for the construction of a new home rose in July (2020) for the first time since February (2020), to the highest level in two years,” stated HIA’s Chief Economist, Tim Reardon.
Western Australia’s economy is continuing to bounce back solidly behind its hard border, with new Australian Bureau of Statistics (ABS) data released showing 88 per cent of jobs in the State lost due to COVID-19 were recovered by August 22 2020.