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“The improvement in home building activity expected across the nation this year is already underway up and down the Queensland coast,” stated HIA Executive Director, Peter Fry.
“The Australian Capital Territory remains near the bottom of the national housing league table, staying at seventh place in HIA’s latest Housing Scorecard,” stated HIA ACT & Southern NSW Executive Director, Greg Weller.
“The median price of residential land sold increased by 2.6 per cent nationally in the final quarter of 2024, to a new record high $369,530,” stated HIA Senior Economist Tom Devitt.
The Fair Work Commission handed down its annual minimum wage decision, awarding a 3.5 per cent increase to the national minimum wage and modern award minimum wages.