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Source: HIA.
"The confidence is really good, it's back," Chris Wilkins of Ray White Drummoyne told SCHWARTZWILLIAMS.
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Source: CoreLogic, HIA Economics....
Leanne Pilkington, president of the REINSW, says the institute doesn't expect rates to begin rising until 2019.
The HIA and the Real Estate Institutes of Australia, Victoria and New South Wales are calling for a review of stamp duty.
“Low wage growth and fewer home sales resulted in a slowing in renovations activity in 2017,” says HIA’s senior economist, Shane Garrett.
Stronger new home building in the September quarter made an important contribution to economic growth,” says HIA senior economist, Shane Garrett.
Interest rates have been on hold at historic lows for 16 consecutive months, and are unlikely to change for much of 2018, say experts.
Stronger building approvals in Victoria and Queensland offset declines for all other states during October, according to new data from the ABS.
The HIA's New Home Sales Report shows that new home sales continue to decline from their peak.
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