RESIDENTIAL PROPERTY
ON the eve of the National Housing Accord and Housing Australia Future Fund kicking off, dwelling approvals are running 80,000 short of the government programs’ annual targets...
Australian Bureau of Statistics data shows that total dwelling approvals lifted 1.9% in March from February’s 12-year low, to 12,947. Detached home approvals were up...
The number of multi-units approved for construction in the first three months of 2024 fell further to be the lowest volume since April 2012, while the trend figure for detached homes was...
The figures show that just 161,527 new homes have been approved over the past year – a far cry from the yearly target of 240,000 new homes under the National Housing Accord...
Master Builders Australia CEO Denita Wawn said the Accord takes effect in less than two months’ time, and new home building would need to lift by 50% from current levels ove...
“Chronic tradie shortages, planning and licensing delays, draconian industrial relations changes, material cost inflation, inefficient regulation, unfeasible lending practices and...
“We have to make it easier to build new homes by bringing down the cost of construction. This must be a priority in the upcoming federal budget.”...
Growth in national construction costs continued to stabilise in the first quarter of 2024, CoreLogic’s Cordell Construction Cost Index shows, but costs are still a ...
HIA’s chief economist, Tim Reardon, said the mismatch between rising demand from migration and constraints on the supply of housing is likely to see the acute shortage of housing stock...
Rents have been surging around the country as vacancy rates continue to hover around historic lows. Australian Bureau of Statistics data showed an...
Maree Kilroy, senior economist for Oxford Economics Australia said the figures, and forward leads such as development enquiries, land sales, and construction finance data...
In seasonally adjusted terms, dwelling approvals in the three months to March increased in Western Australia, up by 38.5% compared to the previous year, and in NSW...
In original terms, dwelling approvals declined in the Northern Territory (down by 46.2%), the Australian Capital Territory (by 14.6%) and Tasmania (by 5.4%).