Residential property prices rose 6.7 per cent in the June quarter 2021, the strongest quarterly growth since the Residential Property Price Index series began in the September quarter 2003, according to the Australian Bureau of Statistics (ABS).
Demand for residential land elevated
Demand for residential land elevated
“The announcement of HomeBuilder in June 2020 spurred demand for residential land across the country,” said HIA Economist, Angela Lillicrap.
March madness sees new home sales spike
March madness sees new home sales spike
“New Home Sales were 39.4 per cent higher in the March 2021 quarter than the same time the previous year,” stated HIA’s Economist, Angela Lillicrap.
Property industry confidence continues to climb
Property industry confidence continues to climb
Property industry confidence levels are approaching record highs as the sector leads Australia’s economic recovery from the COVID-19 pandemic.
HomeBuilder drives surge in new home building
HomeBuilder drives surge in new home building
“The number of new houses that commenced construction in the December quarter was the second highest level on record,” stated Tim Reardon, HIA’s Chief Economist.
Loans for new home building continue to break records
Loans for new home building continue to break records
“The number of loans for the construction of a new dwelling rose for the seventh consecutive month and reached a new record in January (2021),” stated HIA’s Economist, Angela Lillicrap.
Proptech survey uncovers obstacles and opportunities for Australian real estate
Proptech survey uncovers obstacles and opportunities for Australian real estate
Big data analytics, business process automation and virtual tours are the top technologies plays for Australia’s property industry in 2021, according to a new survey from the Property Council of Australia and Yardi Systems.
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.
Residential Land in High Demand in September Quarter 2020
Residential Land in High Demand in September Quarter 2020
“Demand for residential land jumped by 27.7 per cent in the September 2020 quarter to be 62.7 per cent higher than at the same time last year, reflecting the surge in demand following the announcement of HomeBuilder in June,” said HIA Economist, Angela Lillicrap.
EPBC single touch approval: sensible and long overdue reform
EPBC single touch approval: sensible and long overdue reform
The Property Council of Australia has strongly welcomed the Federal Government’s response to the interim report into Australia’s environmental protection legislation.