“Despite the housing market cooling during 2019, demand for skilled trades workers remains strong, with demand in Sydney, Melbourne and Brisbane exceeding availability,” said 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.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.4 points to 41.3 in January 2020, with the industry’s milder decline this month reflecting less pronounced reductions in activity and new orders (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the […]
“While we saw confidence in the broader housing market improve markedly during the second half of 2019, today’s (January 15 2020) building activity data shows that new home starts during the September (2019) quarter continued to retreat,” said Geordan Murray, HIA Senior Economist.
Australia’s property industry is supporting emergency relief efforts and is also preparing to provide practical support for the long process of recovery and reconstruction for bushfire-affected communities.
The SA Govt has announced that the structural steelwork required to build the new $100 million school in Whyalla will be sourced locally from the Whyalla Steel Mill.
Speaking at ResponsibleSteel™ Forum II in Wollongong, BlueScope Managing Director and CEO, Mark Vassella, announced BlueScope’s commitment to certification of our largest global manufacturing site, the Port Kembla Steelworks, to the ResponsibleSteel Standard™ and Certification scheme.
“Lending to households building and purchasing new homes remained soft in November (2019) despite the steady improvement in the broader housing market during the latter half of 2019,” said Geordan Murray, HIA Senior Economist.
“The number of new homes started during the September 2019 quarter has dropped to its lowest point since early 2013, although the news on infrastructure work was a little better,” Master Builders Chief Economist Shane Garrett said.