The Housing Industry Association (HIA) supports the Federal Government’s intention to take a new approach to population planning to underpin Australia’s economic growth and to ensure that our cities and regions are prepared for the future.
The September 2019 GDP figure reflects the impact of the slow-down in housing construction activity on the Australian economy.
The global fencing market is set to reach AU $54.2 Billion by 2025.
“Lending to households building and purchasing new homes fell again in June (2019) to be 12.8 per cent lower in 2018/19 than in the previous year,” stated HIA’s Senior Economist, Geordan Murray.
The proportion of Australian households renting their home increased to 32 per cent in 2017–18, according to new figures released by the Australian Bureau of Statistics (ABS). This is an increase from 27 per cent in 1997–98.
“Residential lot sales across Australia fell in the first three months of this year (2019) to set a new record low for land sales,” said HIA Chief Economist Tim Reardon.
“Home lending figures released by the ABS today (July 11 2019) show the number of loans to households building new homes grew modestly in May (2019),” said HIA’s Senior Economist, Geordan Murray.
A new ANZ report that reveals the number of farming businesses in Australia has reduced over the past decade by about 5 per cent each year.
The Australian Taxation Office (ATO) has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.
“The combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter,” said Geordan Murray, HIA Senior Economist.