HIA welcomes the Government’s introduction of the National Housing Finance and Investment Corporation Bill (NHFIC) providing a platform to establish the First Home Loan Deposit Scheme announced during 2019’s Federal election.
The September 2019 GDP figure reflects the impact of the slow-down in housing construction activity on the Australian economy.
Ai Group Head of Policy, Peter Burn, said: “Activity fell for the eleventh consecutive month across the Australian construction industry in August (2019). Activity declined in the residential sectors and in commercial and engineering construction. Apartment building led the way with another steep drop that extended the contraction in this sector into a 17th month. […]
“First home buyers are continuing to take advantage of a less competitive environment and more affordable house prices. The number of loans to first home buyers was up by 1.3 per cent for the month and 4.0 per cent for the three months to July (2019),” stated HIA’s Economist, Angela Lillicrap.
Get together with other fencing professionals for FENCiT’s first national conference.
The September 2019 edition of THE FENCE magazine is out now!
Two of Australia’s leading sustainability organisations have come together to make it easier for industry to deliver sustainability through the infrastructure and buildings that are rapidly shaping our cities.
“Building approvals continued to cool particularly in the apartment market,” stated HIA Economist Tom Devitt.
The Federal Government released the March 2019 Quarterly Update of Australia’s National Greenhouse Gas Inventory.
“The need to fast-track the rollout of infrastructure projects has grown more urgent following the June quarter slump in engineering construction activity to be at its lowest level in a decade,” Shane Garrett, Chief Economist of Master Builders Australia said.