“The amount of commercial building approval surged during August (2019) to record its strongest ever monthly performance,” Master Builders Chief Economist Shane Garrett said.
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains.
“The easing of wider economic and housing market conditions has given rise to a situation where monetary and fiscal stimulus is possible, without fear of overheating house prices,” stated HIA’s Chief Economist, Tim Reardon.
“Infrastructure Australia’s audit points both to successes and shortcomings in the approaches to Australia’s economic and social infrastructure. Notwithstanding the impressive current pipeline of projects, the Audit points to the need for further investment, more farsighted planning and better coordination,” Ai Group Chief Executive, Innes Willox, said.
Master Builders welcomes the agreement by State and Territory Building Ministers to work with the Federal Government on a consistent Australia-wide approach to implementation of the Shergold-Weir Report recommendations.
“Home lending figures released by the ABS today (July 11 2019) show the number of loans to households building new homes grew modestly in May (2019),” said HIA’s Senior Economist, Geordan Murray.
BlueScope is committed to continuous improvement, as highlighted in its latest Sustainability Report.
“The combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter,” said Geordan Murray, HIA Senior Economist.
“New home sales in May (2019) bounced back to their highest monthly level in over a year,” stated HIA’s Chief Economist, Tim Reardon.
Australia’s average housing affordability is the best it has been since 2016 with property in some cities and regions the most attainable it has been in decades, according to new ANZCoreLogic research.