“Today’s (February 17 2020) announcements that builders and homeowners will be able to easily access the Australian Standard for building in bushfire prone areas will help thousands of people impacted by the recent bushfires move through the rebuilding process a little more smoothly,” said Kristin Brookfield, HIA Chief Executive Industry Policy.
“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.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.4 points to 41.3 in January 2020, with the industry’s milder decline this month reflecting less pronounced reductions in activity and new orders (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the […]
“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.
Australia’s property industry is supporting emergency relief efforts and is also preparing to provide practical support for the long process of recovery and reconstruction for bushfire-affected communities.
The latest monthly data from the Commonwealth Bank Household Spending Intentions (HSI) Series indicates that home buying spending intentions are running at a record rate with early signs suggesting a positive wealth effect is starting to re-emerge. CBA Chief Economist Michael Blythe says the data to the end of December 2019 confirms that the trends […]
“The number of new homes started during the September 2019 quarter has dropped to its lowest point since early 2013, although the news on infrastructure work was a little better,” Master Builders Chief Economist Shane Garrett said.
“Housing data is continuing to show that a low point was reached in April to May 2019, with a small improvement in the volume of new work entering the pipeline over the rest of 2019,” stated Tim Reardon, HIA’s Chief Economist.
The lift in GDP for the September 2019 quarter is welcome, but conceals a worrying decline in housing construction which will undermine housing supply and affordability for our growing population.
The Property Council of Australia has welcomed the Federal Government’s plan to bring forward of spending on infrastructure projects around the country.
