Loans for new home building remain elevated but below peak - HIA
“The number of loans for the construction of a new dwelling continued to fall in May, but remain elevated compared to pre-COVID levels,” stated HIA Economist, Angela Lillicrap.
“Australia’s annual population growth has fallen to its slowest rate since 1916 with the sharpest decline occurring in Victoria,” stated Tim Reardon, HIA’s Chief Economist.
Population growth will support building activity - HIA
New data from the Australian Bureau of Statistics showing a rise in Australia's annualised population growth has been welcomed by the Housing Industry Association.
“Changes to visas for skilled workers have delivered an immediate hit to Australia’s population growth,” said Geordan Murray, Housing Industry Association Principal Economist.
Reaching the 25 million population milestone should be the catalyst for the creation of productive, vibrant and liveable cities that will underpin Australia’s future prosperity.
