$30 million kickstart for regional housing - NSW Government
The delivery of homes will be fast-tracked in regional communities experiencing housing pressure, ahead of the NSW Government’s initial response to the Regional Housing Taskforce recommendations.
Real Estate Institute of Australia (REIA), President, Hayden Groves said the CPI was a mixed bag for housing with a 4.2 per cent increase in the price of new dwelling purchase by owner-occupiers a major contributor.
National housing construction costs explode, rising at fastest rate since introduction of the GST
A surge in new builds and renovations coupled with supply chain disruptions and a shortage of materials has resulted in an unprecedented spike in construction costs.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.
Cost of blocks of land rise twice as fast as building materials - HIA
“The cost of residential land has risen more than twice as fast as the cost of building materials over the past year,” said HIA Chief Economist, Tim Reardon.
Easing of restrictions for home building a welcome relief: HIA
HIA welcomes the Victorian Government’s announcement that there will be an early easing of restrictions for all construction sites, including home building and renovation sites, from this Friday.
Building demand drives 1.4% quarterly increase in Australia’s housing construction costs - CoreLogic
CoreLogic’s national measure of residential construction costs show an increase of 1.4% in the three months to June 2021, outpacing the Consumer Price Index of 0.8% for the same period.
CBRE Residential Projects are marketing the penthouse in The Langston for sale. Adrian Pozzo, Cbus Property Chief Executive Officer told WILLIAMS MEDIA, “a similar property is unlikely to become available in Epping for some time.”
REIA is urging Government to improve supply planning around housing development
Real Estate Institute of Australia (REIA) is urging the Federal and State governments to improve planning approval times in a bid to address the diminishing housing supply.