“According to research released, an increase in Capital Gains Tax would result in a $1bn reduction in revenue to state Governments, increase the cost of renting and exacerbate the housing affordability challenge,” stated Tim Reardon, HIA’s Principal Economist.
“Australia’s long-term housing needs are impaired by poor reporting on the supply of new residential land,” commented HIA Senior Economist Shane Garrett.
“Australia needs to build in more than 230,000 homes every year if we are to address our current housing affordability challenge,” stated Tim Reardon, HIA’s Principal Economist.
With commercial and engineering construction leading the way, the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.2 points to 57.2 in March 2018 – a 14th consecutive month of industry-wide expansion (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the […]
A more accessible 30-minute Sydney could deliver a $10 billion annual economic dividend for the NSW economy, according to a new report developed by Deloitte Access Economics in collaboration with Westpac.
“There has been a major change in the pattern of house price growth across Australia’s major cities” said HIA Senior Economist, Shane Garrett.
CoreLogic Market Movement Report shows lower construction activity in the fourth quarter, but rising activity over the year.
More Australian small businesses reported growth in 2017 than in any year since 2014, with most small businesses expecting 2018 to be better still, according to a new survey released.
Property prices ended 2017 on a high with the weighted average median price of the eight capital cities up 1.0 per cent to $769,501, according to the latest research from the Real Estate Institute of Australia.
The Deloitte WA Index retreated during February 2018 as the market capitalisation of Western Australian listed companies decreased by 3.4% to close the month at AU$175bn.