Bi-partisan support for a Federal Housing Minister recognises the urgent need to address our housing affordability challenges at a national level, said the Housing Industry Association.
The winners of the 2018 HIA CSR South West Housing Awards were announced at an elegant ceremony on Saturday 15 September 2018, at Black Brewing Co, Wilyabrup. It was a special night highlighting the outstanding building work and success of HIA Members in the South West Region. The event was well attended by local residential […]
“A growing list of disincentives are deterring investors from Australia’s housing market,” stated HIA economist, Diwa Hopkins.
The prestigious 2018 HIA Australian GreenSmart Home was presented to ACT building company Prostyle Building Group. The award is the highest accolade presented at the 2018 Housing Industry Association (HIA) Lawn Solutions Australian GreenSmart Awards.
“The trend of a cooling housing market that has been evident throughout 2018 continued in July 2018 with a 5.2 per cent decline in building approvals,” stated Tim Reardon, HIA’s Principal Economist.
First homebuyers have rushed back into the property market thanks to the NSW Government’s generous stamp duty concessions, with more than triple the number of people taking advantage of the savings since they were expanded in 2017.
“Housing affordability is about ‘supply and demand’ and for most of this century there have been constraints on new home building that have limited supply and forced up prices.
“The First Home Buyer share of owner occupier housing loans increased again during June 2018 and is now at its highest since late 2012,” stated HIA Senior Economist, Shane Garrett.
“The population clock has ticked over to 25 million sooner than predicted and it is more important than ever that housing supply is kept strong to ensure affordable housing for future generations,” HIA Deputy Managing Director, Graham Wolfe said.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.4 points to 52.0 in July 2018, signaling industry-wide growth for an 18th consecutive month (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase).