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.
Following the federal election, and before the Queensland Budget was handed down, the property industry’s sentiment increased on both a national and state level, according to the latest ANZ/Property Council Survey.
Property market confidence in Victoria has rebounded for the first time in four quarters according to the ANZ/Property Council Confidence Survey released.