Fears of falling house prices from a slowing housing market are overstated.
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Building approvals for May show why increases in interest rates are such a blunt instrument in changing economic behaviour.
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Rampant increases in levies on new developments in yesterday’s Brisbane City budget will unnecessarily add to the pressures on housing affordability in Brisbane.
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Home lending held largely steady in Queensland in April, ahead of a likely pull-back mid year as a result of the interest rate rise in May.
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The residential housing market has continued to show resilience in the face of the housing slowdown, recording a strong increase in monthly approvals.
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New home starts in Western Australia increased significantly in the March 2006 quarter, providing further confirmation of the buoyant conditions in the west.
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Another slow month for dwelling approvals is keeping pressure on Australia’s housing stock.
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Australia’s most comprehensive report card on the future of the housing industry highlights a relatively subdued year ahead, a situation not helped by a higher and more uncertain interest rate environment.
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The ACT’s most comprehensive report card on the future of the housing industry highlights the risk of a more prolonged downturn resulting from a higher and more uncertain interest rate environment.
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Housing affordability is the casualty of today’s decision to set State Government infrastructure levies at $33,000 a lot in Sydney’s new release areas, the Housing Industry Association said.
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HIA today welcomed Peet & Company as a National Leader of its GreenSmart sustainable building initiative during the HIA GreenSmart Forum held at the King’s Park Function Centre in Perth.
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The interest rate rise had an immediate negative impact on the housing industry with the sale of new homes across Australia falling in May.
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The Housing Industry Association, Australia’s peak residential building industry group, today warned that the NSW Government must not rely on home buyer levies to fund essential infrastructure.
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NSW Planning Minister, Frank Sartor, has announced changes to BASIX energy targets and the new program for Alterations and Additions.
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Confidence within the stagnant Australian housing market is showing signs of a recovery, with 2/3 of Aussies saying they have either bought or renovated in the past 12 months, or intend to in the coming year.
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