The South Australian State Government released a report into the South Australian Dog Fence which outlines a return on investment of up to 48 per cent to replace sections that are more than 100 years old at a cost of $25 million.
“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.
Western Sydney Community Forum and Wentworth Community Housing have launched the Home in Western Sydney report at Western Sydney University, to highlight the alarming levels of housing stress experienced in the region.
“Melbourne has once again dominated this year’s (2019) HIA Hotspots Report, with 12 of Australia’s Top 20 building growth areas all located around Victoria’s capital,” said HIA’s Chief Economist, Tim Reardon.
The demand for wood products is forecast to continue to rise towards 2050, based on a report by the Australian Bureau of Agricultural and Resource Economics and Sciences.
Industry data published in a new report show Australia’s mining boom is still going strong, Minister for Resources and Northern Australia Matt Canavan said.
“Building approvals rose in January (2019) offsetting some of the significant drop experienced in December 2018 as the impact of the credit squeeze continued to affect the housing market,” said Tim Reardon, HIA’s Chief Economist.
Master Builders Australia welcomes the release of the Report of the review of model WHS laws conducted by Marie Boland which has examined model WHS Laws to ensure they are working effectively.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) remained in negative territory in January 2019, recording only a marginal easing in the rate of decline in rising 0.5 points to 43.1 (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell noted the Commissioner’s acknowledgement that the Australian Banking Association (ABA) Code of Banking Practice is ‘the chief protection for small business borrowers’ and welcomes the strengthening of the code with enforceable code provisions. A breach of such provisions would constitute a breach of the law.