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 ACCC has a new quad bike safety standard fact sheet that outlines key issues related to quad bikes including detailed information on the mandatory safety standard and operator protection devices (OPDs).
The Thodey Report provides a welcome perspective on options to overhaul federal-state financial relations and tax reform, but limits the prospect of meaningful reform by ruling out an enhanced GST as the mechanism to remove stamp duty and therefore boost the economy.
The Green Building Council of Australia (GBCA) has welcomed the Australian Government’s long-awaited response to the House of Representatives Standing Committee on Infrastructure, Transport and Cities landmark report: Building Up and Moving Out.
“The rejuvenation in the housing market has continued following the three interest rate cuts this year (2019) with lending for the purchase of a home rising 7.4 per cent for the September (2019) quarter,” stated HIA Economist, Angela Lillicrap.
The value of farm production is forecast to fall by 5 per cent in 2019–20 to $59 billion, according to the latest Agricultural Commodities report.
“The cost of land is one of the main components in determining the price of a new home,” said HIA Economist Angela Lillicrap.
“The amount of commercial building approval surged during August (2019) to record its strongest ever monthly performance,” Master Builders Chief Economist Shane Garrett said.
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains.
“The easing of wider economic and housing market conditions has given rise to a situation where monetary and fiscal stimulus is possible, without fear of overheating house prices,” stated HIA’s Chief Economist, Tim Reardon.