“There has been a major change in the pattern of house price growth across Australia’s major cities” said HIA Senior Economist, Shane Garrett.
ABS housing finance data commenced on a positive note with total dwelling commencements up by 0.7 per cent in January 2018.
Rental accommodation available in Sydney has stabilised, according to research from the Real Estate Institute of New South Wales.
Bringing housing stock to a six-star energy rating would lead to a 73 per cent reduction in greenhouse gas emissions and significant cuts to electricity bills.
ABC Four Corners program Big Australia: Are we ready? promises to further invigorate the population debate that has recently been rekindled in Australia.
“The First Home Buyer share of owner occupier mortgage volumes remained high during January 2018,” commented Shane Garrett, HIA Senior Economist.
A Reserve Bank of Australia (RBA) report confirms that restrictive planning policies are pushing home ownership out of reach.
“Analysis by The Reserve Bank of Australia shows that the average Sydney house price is inflated by an additional $489,000 by oppressive planning regimes,” stated Tim Reardon, HIA’s Principal Economist.
The housing affordability problem in Australia has caused unnecessary constraints on home building which has prevented sufficient houses to be built to meet the demand of growing cities. Principle Economist for HIA Tim Reardon said.
All four construction sub-sectors expanded in February 2018, with house building the strongest performing area of industry activity (up 9.8 points to 61.8) according to the latest Australian Industry Group/Housing Industry Association Australian Performance of Construction Index. The Australian PCI® increased by 1.7 points to 56.0, indicating further growth in the national construction industry in […]