HIA, Australia’s largest building industry association, has called on the Australian Government to conduct more detailed assessments of the downstream impact(s) on Australian business, investment and employment and cost of new housing from the introduction of the Emissions Trading Scheme (ETS).
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Recent interest rate cuts have provided welcome relief for mortgage belts around Australia. In the vicinity of 350,000 households have been rescued from mortgage stress on account of rate cuts.
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HIA, Australia’s largest building industry association, said that it was encouraging to see October mark the first rise in home lending since January, especially as the result pre-dates further interest rate cuts in November and December.
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HIA, Australia’s largest building industry association, believes weak building approvals throughout 2008 to date confirmed the likelihood of continued weakness in Australia’s residential sector for the remainder of this financial year.
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The HIA, Australia’s largest building industry association, says that the further 1 percentage point cut to interest rates announced today by the Reserve Bank of Australia will help more aspiring first home owners live the dream.
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The HIA National Outlook, Australia’s most comprehensive report card on the residential sector, points to a rough short term outlook for residential construction.
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HIA, Australia’s largest building association and RP Data, Australia’s leading property information service have formed an alliance to produce a new land report that will help fill the gap in understanding of vacant land markets across Australia.
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Sales of new houses jumped 6.7 per cent in October, sparked by the one per cent drop in interest rates and tripling of the First Home Owners Grant in mid-October, according to the latest Housing Industry Association survey of major builders.
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HIA, Australia’s leading building association, says the Government’s new industrial relations laws will require vigilance from Fair Work Australia to ensure balance in the workplace.
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The Housing Industry Association, Australia’s largest building industry association has urged the federal and state governments to make a greater commitment to public housing. The call from HIA comes just days before the Council of Australian Governments (CoAG) meets to finalise details of the National Affordable Housing Agreement (NAHA).
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The latest HIA-Austral Bricks Trades Report confirms that labour shortages persist despite falling construction activity. Although trades availability improved marginally over the quarter as building activity continued to fall the industry continues to suffer the impact of skills shortages.
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HIA, Australia’s largest building industry association has welcomed the decision by the federal government to provide additional funding to local governments to meet the cost of regional and local infrastructure.
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HIA, Australia’s largest building industry association has welcomed the recommendations contained within the majority report of the Senate Committee on Economics into Australia’s Mandatory Last Resort Home Warranty Insurance scheme.
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HIA, Australia’s largest building industry association, said that a further fall in home lending in September, the eighth consecutive decline, reinforced the importance of lower interest rates and fiscal stimulus in creating a floor under the residential sector in late 2008/early 2009.
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HIA, Australia’s largest building industry association, believes weak building approvals throughout 2008 to date confirmed the importance of rate cuts that will hopefully put a floor under new home building activity and stimulate a much needed recovery in the sector.
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