The four major trends expected to shape the Australian property market
"Preliminary figures released by the ABS on the value of residential construction work done showed a decline in the September 2020 quarter to its lowest level since 2014,” said Angela Lillicrap, HIA Economist.
New home deposit guarantee will help first home buyers: HIA
The Housing Industry Association (HIA) welcomes the news that banks will start accepting loan applications for the New Home Guarantee under the First Home Loan Deposit Scheme.
While the new Housebuilder package will help, the Housing Industry Association warns a sharper contraction in residential building activity is imminent.
As the Property Council of Australia looks ahead for longer term stimulus in the building industry, the Housing Industry Association says incentives now are needed for the second half of 2020, to save half a million jobs.