Australians are demanding bigger kitchens and bathrooms, with a new report from the Housing Industry Association predicting the value of K&B installations and renovations will hit a record 12 billion by 2012. Click for more information
The much needed recovery in new home building got off to an encouraging start in the September 2009 quarter said HIA, Australia’s biggest residential building association. Click for more information
Lending to home buyers to build or purchase new dwellings defied the increase in interest rates in October but was blunted by continued weakness in lending for rental investment according to the Housing Industry Association, Australia’s largest building industry organisation. Click for more information
The latest Housing Industry Association-Austral Bricks Trades Report shows that a surplus availability of tradespeople in the residential sector was a one quarter wonder, reversing in the September 2009 quarter. Click for more information
“The third consecutive monthly increase in the ‘official’ cash rate will harm the chances of a strong home building recovery, which is essential to moderate existing house price and rent pressures across Australia,” said Dr Harley Dale, HIA Chief Economist. Click for more information
The Housing Industry Association, Australia’s largest building industry organisation, said that building approvals fell slightly in October in a further sign that the new home building recovery may lack the scale required to plug Australia’s housing shortage. Click for more information