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Wednesday, 09 August 2017 12:55

HIA welcomes IEPS suspension

The Housing Industry Association (HIA), the voice of the residential building industry, has welcomed the suspension of the Northern Territory Government’s Indigenous Employment Provisional Sum (IEPS) policy, as announced today by Deputy Chief Minister Nicole Manison.

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The latest housing finance figures released by the Australian Bureau of Statistics (ABS) confirm finance approvals for investor housing are on a downward trend, according to the Real Estate Institute of Australia (REIA).

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According to CoreLogic there are seven psychological factors which influence a home buyer's decision, which are not price, resale value and location.

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The latest housing finance figures released by the Australian Bureau of Statistics (ABS) confirm finance approvals for investor housing are on a downward trend, according to the Real Estate Institute of Australia (REIA).

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“New South Wales has retained its lead over Victoria in the latest HIA Housing Scorecard report,” said HIA’s Principal Economist, Tim Reardon.

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Finance for the construction of new dwellings rose by 2.4 per cent in May 2017, adding a fourth consecutive month to its current run of growth. Total housing finance grew by 1.3 per cent in seasonally adjusted terms over the same period.

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Approvals for construction of new homes fell by 5.6 per cent in May 2017, despite recording positive growth in April 2017.

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“The downward trend for new home approvals has now been locked in for about six months,” stated Tim Reardon, Principal Economist for the Housing Industry Association.

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Monday, 26 June 2017 11:31

ACT home building to remain solid

The latest Outlook Report for the Australian Capital Territory has been released by the Housing Industry Association (HIA), the voice of the residential building industry.

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“Having touched record levels during 2016, the latest edition of the Housing Industry Association’s flagship forecasting report predicts that new home building starts are set to move lower over the remainder of 2017,” explained HIA Senior Economist, Shane Garrett.

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