HIA is fully supportive of the Government’s rescue package for small business and is confident it will be passed through parliament without delay.
The inevitable escalation of measures to control the spread of coronavirus across Australia will have a profound impact on business and the economy for many months to come.
“Further support for Victorian’s rebuilding their homes after the bushfires will be a very welcome step for home owners and their builders,” said HIA’s Victorian Executive Director, Fiona Nield.
“The Australian population continued to slow in the September 2019 quarter, driven by a reduction in overseas migration,” stated Tim Reardon, HIA’s Chief Economist.
“Improvements in the overall housing market are filtering through to new home building conditions,” commented HIA Chief Economist, Tim Reardon.
The Property Council of Australia has welcomed the Tasmanian Premier’s commitment to further reduce red tape in Tasmania.
“The Housing industry Association (HIA) welcomes the NSW governments announcement it will provide stamp duty relief for those people who have been directly impacted by the tragic bushfires that have swept across the state”, Executive Director NSW HIA David Bare said.
“Building approvals in the three months to January 2020 increased by 4.9 per cent compared to the previous three months but remain 2.3 per cent lower than the same time last year (2019),” stated HIA Economist, Angela Lillicrap.
“New data released by the Housing (Supply) Minister shows that the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations and giving a boost to regional areas,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
“Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap.