Results for “Tom Devitt”
Rate cut hopes dashed — what the hold means for real estate now
While markets had all but priced in a cut, the central bank’s decision to hold has left many…
Interest rate cuts boost building approvals as RBA meeting looms
Latest ABS data shows a 3.2% rise in May building approvals, as rate cuts and improved buyer sentiment…
Residential land prices hit record high amid supply shortages
Residential land prices have surged to a new record high as sales volumes plummet to their lowest level…
Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious…
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…
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…
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”…
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…
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.
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…
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…
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…
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…
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…
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…
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…
New home sales fall further in August
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…
Sales of new homes fell in May
The impact of rising interest rates will be compounded by the ongoing increases in the cost of construction…
New home lending remained strong in first quarter of 2022
Loans for the construction or purchase of new homes fell by 3.4 per cent in the first three…
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”.
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…
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…
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…
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…
New home sales remain strong in August
The HIA New Home Sales report shows a strength in new home sales during August, however sales remain…
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
New home sales plummet across Australia in July
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…
ACT tops the HIA scorecard as the best state to build
A housing analysis of each Australian state and territory has found for the first time since 2014 the…
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…