The Property Council of Australia has welcomed the announcement of the new Federal Government ministry.
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“The HIA Affordability Index rose by 2.2 per cent in the March 2019 quarter to post the most significant improvement in affordability since September 2013,” said Tim Reardon, HIA Chief Economist.
The Property Council of Australia has congratulated Prime Minister Scott Morrison and the Coalition on 2019’s federal election result.
“The contraction in the housing market over the past six months has occurred faster and is larger in scale than the contraction experienced after the GFC,” said Geordan Murray, HIA Senior Economist.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 3.0 points to 42.6 in April 2019, with a return to growth in engineering construction failing to offset continued declines in housing activity, commercial construction and apartment building work (readings below 50 indicate contraction in activity, with the distance […]
“March (2019) building approvals marked the weakest month for detached house approvals since 2013,” said HIA’s Senior Economist Geordan Murray.
The Property Council of Australia has called for cities policy to be a priority for the next federal government.
“After falling by 8.5 per cent in 2018 new home sales appear to have stabilised in the first quarter of 2019,” stated Geordan Murray, HIA Senior Economist.
The latest ABS data on Australian taxation revenues reinforces the need for comprehensive reform of our federal, state and local tax systems when it comes to property.