RESIDENTIAL PROPERTY
THE downturn in home building has “much further to run”, according to Capital Economics, worsening the national housing crisis, while the contribution from...
In a research note, Capital Economics head of Asia-Pacific Marcel Thieliant said that with building approvals very low, dwellings investment will therefore fall further, which...
Building approvals have plunged to a 12-year low in recent months, around 80,000 short of the annual targets when national cabinet’s National Housing Accord program begins at...
The National Housing Accord target is considered farfetched by analysts amid the severe labour shortage, as well as current low approval rates and...
“The contribution from housing to overall inflation should weaken slightly this year as a slowdown in homebuilding weighs on prices of ‘new dwellings purchased by owner-occupiers’.” ...
Despite a 3.5% quarter-on-quarter fall in new dwellings investment in the December quarter, residential construction has “held up quite well”, he said...
“Unfortunately, that prop will run out of steam soon. If the pipeline of unfished houses keeps shrinking at a similar pace as it did in the second half of last year, the number of unfinished homes ...
The pipeline of unfinished apartments remains rather large. However, Thieliant said that is unlikely to provide much support for dwellings investment, given demand for apartments has...
“In fact, the long construction times of apartments now act as a constraint on the completion of unfinished ones. After all, Australia’s construction firms typically use fixed-price...
Master Builders CEO Denita Wawn, speaking to reporters at a press conference in response to the Albanese government’s announcement of $11.3 billion in the budget going...
“To build a detached house at the moment, it was generally around nine months. That is now up to 13 months and just has not been sliding down. Of the worst story, is around apartments...