“The building industry is continuing to attract workers from across the economy as it experiences the most significant skill shortage since 2004,” stated HIA Economist, Angela Lillicrap.
Skilled trades in high demand in the March 2021 quarter
Budget reveals population growth as biggest constraint on economy
Budget reveals population growth as biggest constraint on economy
The property industry has commended the Federal Government on the continued strong management of Australia’s remarkable economic recovery, but flagged that population growth was clearly the biggest constraint on recovery.
Budget shifts gear to the longer term
Budget shifts gear to the longer term
“From an industry perspective, the Government’s second budget in a year locks in the recovery from recession and shifts gears from emergency measures to investing in the economy for the longer term,” Innes Willox, Chief Executive of the national employer association Ai Group said.
Property industry welcomes big federal infrastructure spend
Property industry welcomes big federal infrastructure spend
The Property Council of Australia has welcomed the Federal Government’s strengthened infrastructure commitment and details of major new infrastructure projects to be funded in 2021-22’s Federal Budget.
Local economy rebounding strongly
Local economy rebounding strongly
Goulburn Mulwaree’s building approval growth is exceeding all estimates, as new data shows the region is on track for the highest value of residential building approvals ever recorded.
New Home Sales Fall as Rush to HomeBuilder Ends
New Home Sales Fall as Rush to HomeBuilder Ends
“New Home Sales in January 2021 were just 12.1 per cent lower than at the same time the previous year,” stated HIA’s Chief Economist, Tim Reardon.
Planning reform quick wins could deliver $5.7 billion post Covid-19 stimulus
Planning reform quick wins could deliver $5.7 billion post Covid-19 stimulus
The Australian economy could benefit from a $5.7 billion per annum boost if each state and territory implements just one of the ‘quick win’ planning reforms identified in the Planning to Prosper report commissioned by the Property Council of Australia.
Responsible lending vital for economic recovery and growth
Responsible lending vital for economic recovery and growth
The Property Council of Australia has welcomed the Federal Government’s move to simplify and clarify responsible lending obligations to ensure that Australians continue to have access to credit in a more timely and efficient way.
WA leading Australia’s COVID-19 economic recovery
WA leading Australia’s COVID-19 economic recovery
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.
COVID-19 keeps property industry confidence down
COVID-19 keeps property industry confidence down
COVID-19 is keeping property industry confidence at a near-record low level despite an improvement in sentiment for the September 2020 quarter.
