HomeBuilder change to support delivery of homes: HIA
Today’s announcement by the Assistant Treasurer and Minister for Housing, Michael Sukkar, that the HomeBuilder commencement time will be extended to 18 months is extremely welcome news for the housing industry, the economy and for those embracing the HomeBuilder grant.
“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.
Stamp Duty Abolition: The end justifies the means says HIA
“In replacing stamp duty with a more stable, efficient and equitable tax we should remain focused on the benefits of the reform, not the complexity of the transition,” stated HIA’s Chief Economist, Tim Reardon.
Strong market confidence carries new home sales into 2021 - HIA
The HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future detached home construction.
2021 to be a record year for detached home building - HIA
“It is anticipated that almost 130,000 new detached homes will commence construction in 2021. The previous record of 120,000 starts in a calendar year was set in 2018,” stated HIA’s Chief Economist, Tim Reardon.
The four major trends expected to shape the Australian property market
"Preliminary figures released by the ABS on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.