The latest monthly data from the Commonwealth Bank Household Spending Intentions (HSI) Series indicates that home buying spending intentions are running at a record rate with early signs suggesting a positive wealth effect is starting to re-emerge. CBA Chief Economist Michael Blythe says the data to the end of December 2019 confirms that the trends […]
“Ai Group welcomes reports that the federal government will boost infrastructure spending over the next few years. Extra infrastructure work will create new jobs and will lift demand for the wide range of products and services supplied to the engineering construction industry. These impacts can be expected to multiply through the broader economy. The boost […]
The Property Council has welcomed the renewed focus from the federal government on ways to boost productivity through better collaboration with states and territories on micro-economic reform opportunities.
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.