“Despite the housing market cooling during 2019, demand for skilled trades workers remains strong, with demand in Sydney, Melbourne and Brisbane exceeding availability,” said HIA Economist, Angela Lillicrap.
“Today’s (February 17 2020) announcements that builders and homeowners will be able to easily access the Australian Standard for building in bushfire prone areas will help thousands of people impacted by the recent bushfires move through the rebuilding process a little more smoothly,” said Kristin Brookfield, HIA Chief Executive Industry Policy.
“While we saw confidence in the broader housing market improve markedly during the second half of 2019, today’s (January 15 2020) building activity data shows that new home starts during the September (2019) quarter continued to retreat,” said Geordan Murray, HIA Senior Economist.
Australia’s property industry is supporting emergency relief efforts and is also preparing to provide practical support for the long process of recovery and reconstruction for bushfire-affected communities.
“The number of new homes started during the September 2019 quarter has dropped to its lowest point since early 2013, although the news on infrastructure work was a little better,” Master Builders Chief Economist Shane Garrett said.
As the holiday period wraps up for another year, iconic Australian footwear brand, Blundstone, is helping Australia’s tradies start the new year with health and safety top of mind. With many tradies operating in hazardous conditions where risks to their health are part of the everyday environment, the importance of safety as they return to […]
“Building approvals in November (2019) reached their highest level since March 2019, up by 11.8 per cent due predominantly to a surge in approvals in New South Wales,” stated HIA Economist Tom Devitt.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell 1.1 points to 38.9 in December, 2019 with deteriorating indices for activity, new orders and supplier deliveries contributing to the lowest Australian PCI® result in six and a half years (readings below 50 indicate contraction in activity, with the distance from […]
The December 2019 edition of THE FENCE magazine is out now!
“New Home Sales and Housing Finance data indicate that the housing market has stabilised over the past 6 months,” stated HIA Economist, Angela Lillicrap.