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Home lending for both new and existing dwellings fell for a third straight month in January 2010, rubbishing claims of a property bubble and pouring cold water on the strength of Australia's housing recovery, said the Housing Industry Association, Australia's largest building industry organisation. |
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"The Reserve Bank of Australia has now hiked interest rates four times in five meetings pushing up standard monthly mortgage repayments for first home buyers by $216 per month," said Ben Phillips, HIA Senior Economist. |
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The Housing Industry Association, Australia's largest building industry organisation, said that building approvals fell by 7 per cent in January 2010. The much needed housing recovery hit a snag at the start of the new year with a 29.1 per cent drop off in private sector units and semi-detached "Other dwelling" approvals. This result was heavily influenced by a halving of unit approvals in Victoria. |
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The Housing Industry Association's (HIA's) New Home Sales report, a survey of Australia's large volume residential builders, rebounded by 9.5 per cent in January 2010. |
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The Housing Industry Association, Australia's largest building industry organisation, said ABS figures showing a decline in new residential work done at the end of 2009 was a disappointing result. |
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Housing affordability nose-dived at the end of 2009 due to the perfect storm of higher house prices, increased interest rates, and the winding-down of the first home buyers' boost according to the latest HIA-CBA First Home Buyer Affordability Report. |
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The latest Housing Industry Association-Austral Bricks Trades Report shows there was a deterioration in the availability of skilled tradespeople in the residential sector in the December 2009 quarter. |
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Home lending for both new and existing dwellings fell further in December 2009, reflecting the unwinding of the first home buyer stimulus and a third consecutive rate rise, said the Housing Industry Association, Australia's largest building industry organisation. |
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The Housing Industry Association, Australia's largest building industry organisation, said that building approvals grew by 2.2 per cent in December 2009. The December quarter was a remarkable 34.9 per cent stronger than a year earlier in a positive sign that the new home building recovery is well underway. |
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The cost of residential land continues to rise nationally; with a new report showing the median price of raw land jumped 5.7 per cent to $181,158 in the September 2009 quarter. |
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The Housing Industry Association (HIA), Australia's largest building industry organisation, applauds the Reserve Bank's decision to adopt a wait and see approach to interest rates. |
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The Housing Industry Association, Australia's largest building industry organisation, welcomes the release of the Federal Government's third Intergenerational Report (IGR). The HIA recognises the report as a timely reminder of the enormous challenges already faced by many other advanced economies and that will increasingly be faced by Australia. |
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According to the latest Housing Industry Association (HIA) survey of Australia's largest builders, the number of new home sales fell by 4.6 per cent in December 2009 as interest rates rose and the impact from the First Home Owner Boost continued to wane. |
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Mild economic conditions drove a benign result for consumer inflation in the December quarter of 2009, claimed the Housing Industry Association (HIA), Australia's largest building industry organisation. |
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The Housing Industry Association, Australia's largest building industry organisation, said that final figures released today by the Australian Bureau of Statistics confirm that new residential building activity began to recover in the September 2009 quarter, as did work commenced. |
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Australians are demanding bigger kitchens and bathrooms, with a new report from the Housing Industry Association predicting the value of K and B installations and renovations will hit a record $12 billion by 2012. |
