“HIA New Home Sales continued the declining trend that we saw throughout most of 2018,” said Geordan Murray, HIA Senior Economist.
As the weather warms up Victorians are reminded to check on their backyard pool and spa fences, ahead of new regulations that will be introduced by the Vic Government in 2019.
The New South Wales Government has remade the Swimming Pools Regulation 2008.
The Australian Institute of Building Surveyors is urging home owners not to be complacent about familiar home surroundings this summer and have safety checks on structures in outdoor entertaining areas.
“ABS data released reinforces the trend of a market continuing to ease back from record highs,” said Tim Reardon, HIA’s Principal Economist.
“Strong levels of new home starts underpinned one of the strongest years of residential building activity on record. Results for the second half of the year reflect the softening that have been evident in the broader housing market,” said HIA Senior Economist, Geordan Murray.
“After a sustained boom over recent years, residential building activity in Victoria continues to cool” said Fiona Nield, HIA Executive Director, Victoria.
Figures for November 2018 show that new approvals for dwellings are down to their lowest since August 2013 as the chill from the credit crunch becomes even more visible.
The NSW Valuer General released the land values for every parcel of land across NSW. The land values are for the value of the land only, as at 1 July 2018.
The Victorian Government is boosting land supply and making housing more affordable, with two new communities in Melbourne’s north-west.