Search Results for: Tom Devitt
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NEWS
Home building unlikely to rise this year
Home building activity is unlikely to pick up this year given the volume of new home sales is also languishing, according to the Housing Industry Association (HIA).
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NEWS
Australia to miss housing target by 200,000
Australia will likely fall almost 200,000 homes short of the Federal Government’s ambitious plan to build 1.2 million homes over five years, according to the latest HIA forecast.
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NEWS
Premier Chris Minns: NSW won’t meet housing targets
New South Wales Premier Chris Minns has waved the white flag and admitted the state has “no chance” of meeting its first 12-month housing target as part of the National Housing Accord.
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INDUSTRY NEWS
Soft new home sales to hit builders in 2024
Australia is on the cusp of home building hitting a decade low at the same time demand for housing has reached crisis levels.
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INDUSTRY NEWS
Falling land sales to add to housing pain
Despite the ongoing housing crisis and record levels of immigration increasing demand for homes, land sales have collapsed.
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INDUSTRY NEWS
New housing construction continues to decline but costs are easing
Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to slow, with building starts down 16.4 per cent compared to last year.
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INDUSTRY NEWS
New home sales rise in May but remain low
New home sales have increased for a second month, however, they still remain sharply lower than the same time last year as the impact of higher interest rates continues to weigh on the market.
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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
Residential land prices stabilise after 26 per cent surge
The cost of new residential land has stabilised following a strong two years of growth, with rising interest rates the key reason, according to the Housing Industry Association.
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INDUSTRY NEWS
Building approvals fall again as RBA’s rate rises hit home
An economist is urging the Reserve Bank of Australia to "hold fire" on future rate rises after new building approvals declined again during the month of November.
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NEWS
Is the Federal Government’s one million home plan already in jeopardy?
The Housing Industry Association (HIA) has warned the Federal Budget goal of creating one million new homes in five years could already be on rocky ground.
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INDUSTRY NEWS
Lending to build new homes slows down
Rising interest rates continue to weigh on housing finance, with new data from the Australian Bureau of Statistics showing a decline in August.
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INDUSTRY NEWS
Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property sector, with the value of new loan commitments falling 8.5 per cent in July.
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INDUSTRY NEWS
Investor loans hit a record high as affordability pressure mounts
Loans to investors jumped 6.1 per cent in January, showing “investors are backing the housing market”.
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INDUSTRY NEWS
NSW and QLD driving demand for new housing
The home building boom is in full swing in NSW, with sales of new detached homes the second-highest on record over the past three months.
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NEWS
Dwelling approvals rise as timber shortages ease
Dwelling approvals jumped 8.2 per cent in December according to new data, with imported timber helping to ease supply chain issues and delays building a record number of approved homes.
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NEWS
Sales of new detached homes in a ‘super cycle’
Sales of new detached homes increased by 11.3 per cent in December putting the level of demand in ‘super cycle’ territory according to a leading economist.
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INDUSTRY NEWS
Investors back in the market but owner-occupier lending falls
New investor loan commitments rose for the 12th consecutive month in October, while lending to owner-occupiers dropped by more than $800 million, according to new data.
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SUPPLIER NEWS
Regional housing affordability is deteriorating faster than capital cities
HIA has found the affordability of regional housing is deteriorating at a much faster rate than capital cities
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SUPPLIER NEWS
New home sales plummet across Australia in July
The sale of new homes has dropped significantly in almost all Australian states, according to a new report that surveys the largest volume home builders. The Housing Industry Association (HIA) New Home Sales Report showed new home sales fell 20.5 per cent in July, with declines seen in almost every state. HIA Economist Tom Devitt revealed new home sales dropped…
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NEWS
New home sales strengthen in May
The Housing Industry Association (HIA) revealed there has been a 15.2 per cent increase in new home sales between April and May.
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NEWS
ACT tops the HIA scorecard as the best state to build
The HIA Housing Scorecard report presents an analysis which ranks each of the eight states and territories based on the performance of 13 key residential building indicators, including detached and multi-unit building activity, renovations, housing finance, and rates of overseas and interstate migration.
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NEWS
Cash rate cut to new historic low
The Reserve Bank of Australia have cut the cash rate by 15 basis points to a new historic low of 0.10%.
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