Loans for new home building remain elevated but below peak - HIA
“The number of loans for the construction of a new dwelling continued to fall in May, but remain elevated compared to pre-COVID levels,” stated HIA Economist, Angela Lillicrap.
“Australia’s annual population growth has fallen to its slowest rate since 1916 with the sharpest decline occurring in Victoria,” stated Tim Reardon, HIA’s Chief Economist.
State governments too dependent on stamp duty revenues, says report
Victoria has the highest dependency on stamp duty revenues closely followed by New South Wales, according to the latest Housing Industry Association Stamp Duty Watch report.
Bi-partisan support for a Federal Housing Minister recognises the urgent need to address our housing affordability challenges at a national level, said the Housing Industry Association.
“Stronger new home building, off the back of strong population growth, is continuing to drive the improvement in economic conditions in Australia,” stated Tim Reardon, HIA’s Principal Economist.
What to know when purchasing an investment property
Tim Reardon of the Housing Industry Association and Tony Collidge of the Real Estate Institute of Tasmania discuss what people should know when considering purchasing an investment property.
“Housing affordability is about ‘supply and demand’ and for most of this century there have been constraints on new home building that have limited supply and forced up prices."