“The strength of new home building in Victoria has once again kept it ahead of New South Wales as the number one state on the Housing Scorecard,” stated HIA’s Acting Principal Economist, Geordan Murray.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) declined by 1.9 points to 44.5 in November 2018, signaling a third consecutive month of decline and the sharpest rate of contraction since February 2015 (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the […]
Much-needed rains have finally fallen over some of the country’s drought- affected regions, but seasonal concerns continue to hang over the outlook for Australia’s agricultural sector, the latest Rabobank Rural Confidence Survey has found.
“An unexpected tight squeeze on credit for home buyers is accelerating the slowdown in building activity,” said Mr Tim Reardon, HIA Principal Economist.
The International Energy Agency (IEA) has declared that coal has made a ‘comeback’ in its latest World Energy Outlook (WEO) update.
“Approvals for new detached houses across Australia are at their lowest ebb since late 2013,” according to Shane Garrett, Chief Economist of Master Builders Australia.
Despite worsening trade wars, global growth remains great: although tariffs do hurt growth, they don’t hurt it by all that much. But the geographic base of growth continues to narrow, growing more dependent on the US. That poses two problems.
More innovation, more investment and better long term planning are all welcome recommendations of a new Infrastructure Australia report on delivering public transport to outer suburban residents.
The Property Council welcomes the Legislation Committee’s report on the Strata Titles Amendment Bill 2018 tabled in Parliament.
Australia has been ranked as the 14th most competitive economy globally, according to the annual World Economic Forum (WEF) Global Competitiveness Report 2018.