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{{propApi.successMessage}} {{region}} Change locationBuilders to remain busy into 2023 - May update
Builders to remain busy into 2023 - May update
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The Australian Bureau of Statistics today released data on building approvals and on lending to households and businesses for May 2022.
“Detached house approvals increased by 1.8 per cent in the three months to May 2022 to be 14.7 per cent higher than the same three months in 2019,” added Mr Ward.
“Renovations activity also remains elevated. While the value of renovations approved fell by 1.8 per cent in the three months to May 2022, it is 38.9 per cent higher than the same three months in 2019.”
“At the end of 2021, there were 75.7 per cent more detached homes under construction than at the end of 2019.”
“Activity in 2022 shows the rate of new home building and renovation activity remains strong which will assist in delaying the adverse impact of rising interest rates on building activity, and therefore on the wider economy.
“Encouragingly, investor activity continues to grow. The value of loans to investors in the three months to May 2022 was 36.2 per cent higher than the same three months in 2021. This points to more supply of rental homes in the future, which will help alleviate the severe rental shortage being experienced around Australia,” concluded Mr Ward.
Building approvals - Australia (May 2022)
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Lyn Bu Leads Outstanding Women Shaping WAs Building Industry
The achievements and growing influence of women across Western Australia’s residential building industry have been celebrated at the 2026 HIA Western Australian Building Women Awards, with Lyn Bu of C U Building Group receiving the highest honour, the 2026 HIA Jason Windows Western Australian Building Woman of the Year.
Hammercorp takes out the HIA NSW Home of the Year in 2026
The Housing Industry Association (HIA) NSW celebrated the state's finest homes, kitchens and bathrooms on Saturday, 7 November 2026, at the International Convention Centre, recognising outstanding achievement in residential building, design and craftsmanship.
Housing industry's best set to shine at Parliament House
The region's finest in residential building and renovation will be recognised tomorrow night as the 2026 HIA ACT Southern NSW Housing, Kitchen & Bathroom Awards are held at Parliament House in Canberra.
An exciting opportunity to shape Canberra's next suburb
The Housing Industry Association has welcomed the opening of community consultation on Ginninderra East, encouraging Canberrans to help shape the future suburb on former CSIRO land between Belconnen and Gungahlin.