Search Results for: Denita Wawn
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INDUSTRY NEWS
Inflation jumps as banks predict a November rate hike
Borrowers could be in for a Melbourne Cup day rate hike according to the major banks as the latest inflation data suggests the Reserve Bank of Australia (RBA) might have more work to do.
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National
Industry applauds National Cabinet’s property reforms
A step in the right direction, game-changing, ambitious and sensible are just some of the terms real estate industry bodies have used to describe National Cabinet’s housing policies announced this week.
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INDUSTRY NEWS
Dwelling approvals and loan commitments drop
The Reserve Bank of Australia may have kept interest rates on hold this week, but that hasn’t stopped property industry experts from hitting out at the central bank after the latest lending figures showed the number of loans for buying and building a new home has dropped alarmingly.
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INDUSTRY NEWS
Odds of an August rate hike slashed as inflation cools
There might be relief ahead for mortgage holders with the odds of an August rate hike slashed after a softer-than-expected inflation reading.
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INDUSTRY NEWS
Federal Budget doesn’t do enough to address long-term housing shortage
Real estate and housing industry experts have said the Federal Budget looks good on the surface but lacks the depth to address the nation’s long-term housing shortage.
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INDUSTRY NEWS
Building approval drop adds more fuel to the housing crisis
The housing crisis across the country could get worse after building approvals dropped to their lowest level in a decade, according to experts.
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INDUSTRY NEWS
New dwelling commencements near decade low
New home starts across the country declined last quarter as the industry worries that a lack of new supply in the pipeline will exacerbate the housing crisis.
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INDUSTRY NEWS
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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INDUSTRY NEWS
HomeBuilder deadline extended for property owners
Property owners at risk of losing the $25,000 HomeBuilder grant due to ongoing building delays have been given a reprieve from the government, with the scheme extended to June 2025.
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NEWS
Industry leaders respond to Labor’s negative gearing pledge
ALP leader Anthony Albanese has pledged his part will not restrict negative gearing or increase capital gains tax if they win the next election.
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NEWS
Key industry groups respond to big-spending Federal Budget
As the dust settles on the 2021-22 Federal Budget, some of Australia's key industry groups have weighed in with their responses.
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NEWS
Family Home Guarantee revealed as focus shifts to Federal Budget
Treasurer Josh Frydenberg has announced additional measures to support Australians seeking to secure their own home.
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NEWS
Extension of HomeBuilder construction start welcomed
The Federal Government’s weekend announcement that the construction commencement requirement for the HomeBuilder has been extended has been welcomed by industry groups. On Saturday, the Government announced an extension from six months to 18 months for the start of construction for all existing applicants. The changes will bring the total level of expected Government support for the construction sector under…
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NEWS
HomeBuilder extension announced
The Federal Government has announced an extension of the HomeBuilder grant in a move that’s been widely welcomed by the property sector On Sunday, Prime Minister Scott Morrison announced the extension of the scheme at a reduced rate until March 31. The HomeBuilder scheme was initially devised as a COVID-19…
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NEWS
Strong industry support for Federal Opposition’s property plan
Both the Master Builders Australia and the Property Council of Australia have welcomed the Federal Opposition's plan to rebuild the economy, as outlined in Anthony Albanese's Budget Reply Speech. "A strong pipeline of building and construction work is vital to building our way of out recession and we acknowledge the…
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Elite Agent
First Home Loan Deposit Scheme is flawed: REIA
Changes to the Australian Government's First Home Loan Deposit Scheme that allocate 10,000 new grants only to those who purchase new or newly-built homes ignore the reality of the market, according to REIA.
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Elite Agent
1.2m Aussie building jobs now in jeopardy
Over 1.2 million jobs and 400,000 businesses are in danger after the 7 per cent fall in the June quarter GDP. Master Builders Australia are calling for the National Cabinet to reach a consensus “to deal cohesively and practically with the tension between the health and economic impact of the virus” or the entire building industry, and therefore the national…
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Elite Agent
MBA calls for HomeBuilder extension, plus new $3.8b scheme
Master Builders Australia (MBA) has released its Pre-Budget Submission, which calls for an extension of HomeBuilder, plus a further stimulus measure named CommunityBuilder which would inject a further $3.8 billion into the industry. The submission
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Elite Agent
JobKeeper extension applauded as “right move”
The Property Council and Master Builders Australia are among the many industries to applaud the government’s extension of the JobKeeper program. “Today’s announcement by the Prime Minister and Treasurer provides businesses and their employees with the certainty they need for the coming months as we continue to grapple with the public health and economic impact of COVID-19,” said Ken Morrison,…
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NEWS
Construction sector devastated by impact of COVID-19
Up to 43,000 new homes will not be built in the next 12 months as a result of COVID-19, according to new economic modelling released today. Denita Wawn, CEO of Master Builders Australia said new modelling conducted by Master Builders Australia showed the devastating impact that lockdown was having on the building industry, the economy and the community. “In the…
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NEWS
Stimulus supports property industry – but will it be enough?
“HIA welcomes the Australian Government stimulus package, particularly the support provided for apprentices,” said HIA Chief Economist, Tim Reardon. “The residential building industry has contracted by around 20 per cent from its peak during the May 2018 quarter and most indicators showed an improvement in conditions in the second half of 2019. “Australia is emerging…
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INDUSTRY NEWS
Master Builders Association calls for better regulation of the building industry’s use of cladding
“It’s completely understandable that fires at the Grenfell Tower in the UK and the Lacrosse building in Victoria have highlighted the importance of a regulatory system that has the confidence of both the community and the building industry,” she said. “As Master Builders has consistently said, the challenge is to make more effective the extensive and robust regulatory regime that…
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NEWS
Budget Boost For Housing Could Build 100,000 Homes
New economic modelling commissioned by Master Builders Australia forecasts that the $75 billion infrastructure and housing affordability measures announced in the Budget will deliver a substantial 41% boost to the supply and affordability of housing. “Increasing supply is the only effective way to keep the dream of home ownership alive. Master Builders has lobbied for measures to support the building…
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INDUSTRY NEWS
Master Builders Australia welcomes 457 visa program changes
Master Builders Australia say they welcome changes to the temporary skilled migration program which was announced by the Government on Tuesday. Master Builders Australia chief executive Denita Wawn said providing Australians with jobs, and training the younger generation for rewarding careers, has always been their priority. “However access to foreign workers to fill immediate skills gaps on projects where locals…
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INDUSTRY NEWS
Master Builders Australia welcomes government’s decision on company tax cut
Master Builders Australia has praised the senate’s decision in passing the Government’s company tax cut for businesses turning over less than $50 million, adding that it was a win for the building and construction industry, the economy and the community. MBA’s first woman CEO Denita Wawn said this was a big win for 121,000 small and medium building businesses and…
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INDUSTRY NEWS
Master Builders appoints its first ever female CEO
The board of Master Builders Australia has broken its 127-year-old tradition and hired Denita Wawn as its first female CEO and chose to make the announcement on International Women’s Day held on Wednesday. Wawn whose appointment takes effect on March 20 will represent the interest of $200 billion building and construction industry and is only the third CEO for the association…
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