The Opal Tower and Mascot Towers crises have had a significant impact on the purchasing decisions of home buyers and investors, who are now looking for alternatives to avoid the risk of buying into a strata development, according to Sydney builder, Thrive Homes.
Tips for ensuring your backyard can suit your family for life.
Aussie homes are were most likely to have a metal roof, brick veneer walls, and a concrete floor.
“Home lending figures released by the ABS show the number of loans to households building new homes continued to fall in April (2019),” said HIA’s Senior Economist, Geordan Murray.
“A commitment to support the delivery of affordable housing on surplus Commonwealth land offers a first insight into the new federal Housing Minister Michael Sukkar’s housing supply agenda,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
The Property Council of Australia has welcomed the announcement of the new Federal Government ministry.
“Lending for the purchase or construction of a new home has fallen to its lowest level since September 2013,” stated HIA’s Chief Economist, Tim Reardon.
“The importance of the First Home Buyer (FHB) segment of the market has grown again, with newly released figures for March (2019) showing that their share of the market is at its largest in nearly 7 years,” Shane Garrett, Chief Economist said.
“March (2019) building approvals marked the weakest month for detached house approvals since 2013,” said HIA’s Senior Economist Geordan Murray.
“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.