Pressure on rental housing has significantly increased over the last 2 years, with a range of recent rental housing data showing the increase in rental prices due to the severe shortage in the supply of all forms of housing.
“Sales of new detached homes in the first three months remain exceptionally strong with the second strongest start to the year since 2016, eclipsed only by last year,” stated HIA Economist Tom Devitt.
“Detached home commencements fell by 10.1 per cent in the final quarter of 2021 but the number of homes under construction continues to grow,” stated HIA Economist, Tom Devitt.
With the official launch of the federal election campaign HIA will be working hard to ensure that all sides of politics have a clear plan on how to help all Australians have safe and secure housing.
“The extension of the first home loan deposit scheme and the new home guarantee scheme will make a real difference in the lives of thousands of Australians looking to achieve home ownership over the next three years,” said HIA Managing Director, Graham Wolfe.
“New home sales fell by 7.0 per cent in February following an 8.3 per cent decline in January,” stated HIA Economist Tom Devitt.
“Sales of new detached homes recorded an exceptionally strong quarter, led by Australia’s largest state,” stated HIA Economist Tom Devitt.
“A significant increase in the price of land indicates that supply is not keeping pace with demand,” said HIA Economist, Angela Lillicrap.
“Sales of new detached homes increased by a further 11.3 per cent in December,” stated HIA Economist Tom Devitt.
“More detached homes commenced construction in the 12 months to September 2021 than in any previous period,” stated HIA Economist, Tom Devitt.
