Pipeline of home building shrinking at a "concerning rate"
If the leading dwelling construction indicators don't improve in the first half of this year, the pipeline of building work will be "exhausted at a concerning rate", according to the Housing Industry Association's (HIA) latest report.
Residential building construction to slip after $68.7 billion "all-time high"
Residential building activity is set to slow over the next few years as the housing market absorbs the record-high number of building work completed last year.
Good news for homebuyers and renters in latest CPI figures
Australia’s consumer price index update, released on Wednesday, has exceeded economists forecasts, rising by a solid 0.5 per cent in the December 2018 quarter.
“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.
New home sales fell by 14.9 per cent in the final quarter of last year, dropping to their lowest level in seven years, according to the Housing Industry Association of Australia (HIA).
Industry body warns housing finance figures are on a "slippery slope"
The Real Estate Institute of Australia (REIA) says the October housing finance figures released by the Australian Bureau of Statistics (ABS) show the number of housing loans is diving.
“Changes to visas for skilled workers have delivered an immediate hit to Australia’s population growth,” said Geordan Murray, Housing Industry Association Principal Economist.
