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Home Lending Still Falling

HIA, Australia's largest building industry association, said that a further fall in home lending in September, the eighth consecutive decline, reinforced the importance of lower interest rates and fiscal stimulus in creating a floor under the residential sector in late 2008/early 2009. » More

Red Tape Reform Also Now Needed

HIA, Australia's largest building industry association, believes weak building approvals throughout 2008 to date confirmed the importance of rate cuts that will hopefully put a floor under new home building activity and stimulate a much needed recovery in the sector. » More

Every point counts

The HIA, Australia's largest building industry association, welcomes the Reserve Bank's decision today to lower interest rates by 0.75 per cent. » More

Housing Prices Weather Financial Storm

HIA, Australia's largest building association says the Australian Bureau of Statistics House Price Index for the September Quarter confirms house prices remained relatively flat during the period. » More

Soft September Home Sales

The latest New Home Sales Report from HIA, Australia's largest building association, shows that sales volumes failed to rebound following the first interest rate cut of the easing cycle. » More

HIA Index Reveals Slight Improvement in Affordability

The HIA-CBA First Home Buyer Affordability Index improved by 3 per cent in the September 2008 quarter with a 1.9 per cent easing in house prices offsetting a net increase in borrowing costs over the quarter. The index nevertheless remained at near record lows at a level 1.1 per cent below that of the September 2007 quarter. » More

FHOG to Boost New Housing Starts by 15000

HIA, Australia's largest building association has welcomed the decision to triple the First Home Owners Grant (FHOG) for purchases of new housing. The measure will stimulate business activity and help address the severe housing shortage. » More

Expectations Justify Rate Cut

HIA, Australia's largest building industry association, said that further reductions in interest rates should put a floor under the very weak home lending figures evident for 2008 to date. » More

Rate Cuts To Arrest Home Lending Freefall

HIA, Australia's largest building industry association, said that further reductions in interest rates should put a floor under the very weak home lending figures evident for 2008 to date. » More

New Interest Rate Cycle Provides Some Hope

The HIA, Australia's largest building industry association, says that falling interest rates over the next 12 months may provide some assistance in pegging the gap between underlying and effective demand for housing. » More

BOVIS LEND LEASE TOPS CONSTRUCTION LIST FOR 2007-08

Bovis Lend Lease topped the list of Australia's 100 largest commercial construction companies for 2007-08, a move up from fourth place the previous year. » More

A TOUGH YEAR FOR AUSTRALIA'S HOUSING 100

Tougher housing conditions in 2007/08 are reflected in Australia's largest home builders experiencing a decline in both the number of starts and their market share. » More

Population Up Building Activity Down

HIA, Australia's largest building industry association, said that a general weakness in leading housing indicators was persisting into the second half of 2008. » More

New Home Sales Continue to Struggle

The latest New Home Sales Report from HIA, Australia's largest building association, highlights the on-going weakness in new residential construction already evident well before the latest deterioration in global financial conditions and confidence. » More

Weak Starts Highlight Acute Housing Shortage

Housing starts fell for the second consecutive quarter in June. » More

New Home Lending at 5 and a half Year Low

HIA, Australia's largest building industry association, said that home lending fell for the sixth consecutive month in July, highlighting the urgent need for further interest rate cuts. » More

Approvals Reinforce Need for 50 Point Cut

The RBA's decision to lower official interest rates by 0.25 percentage points is welcome news, although a 50 point reduction was surely justified. » More

No Further Evidence Required for RBA

New Home Sales got off to a poor start in the 2008/09 financial year. » More

Economics Archive 2006

This archive contains copies of media statements and general reports and statements on Australia's Housing and Renovation Industries. For back copies of HIA's economic reports, please send an email to ecpubs@hia.com.au

If you can't find what you are looking for or have a special request, please email economics@hia.com.au
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