Geordan Murray joined the HIA Economics Group in 2010 with a broad background in finance and economics. He has worked in the banking industry and as an investment analyst with a chartered accounting firm. He has an honours qualification from Deakin University in Melbourne, where his research included analysis of the dynamics of Australian housing prices. Geordan now plays a key role in the development, analysis and modelling of housing policy options, manages HIA’s residential building forecasting program.
“The strength of new home building in Victoria has once again kept it ahead of New South Wales as the number one state on the Housing Scorecard,” stated HIA’s Acting Principal Economist, Geordan Murray.
“The credit squeeze continues to slow new home building” said Geordan Murray, HIA Acting Principal Economist.
A trend of improving affordability is taking root in the major capital cities - due largely to falling housing prices,” commented Geordan Murray, HIA Acting Principal Economist.
“Changes to visas for skilled workers have delivered an immediate hit to Australia’s population growth,” said Geordan Murray, Housing Industry Association Principal Economist.
"The majority of the growth in population attributable to overseas migration is occurring in the eastern seaboard states, which underpins the strong growth in these jurisdictions."
Australia’s economy contracted during the September 2016 quarter, only the third decline in the last decade, due in part to a decline in construction activity.
The number of construction loans and loans to households purchasing new homes is slightly below peak levels recorded in late 2015 and early 2016 and is consistent with high levels of new home building, says HIA Economist, Geordan Murray.
Australia’s population broke through 24 million during first quarter of 2016.