|
HIA, Australia's largest building industry association, today released the nation's most comprehensive report card on the residential sector. |
|
First home buyer housing affordability barely improved in June, languishing at a 24 year low. The HIA-CBA First Home Buyer Affordability Index inched up by just 0.3 per cent during the June 2008 quarter to still be 6 per cent lower than a year earlier. |
|
HIA, Australia's largest building industry association, said that home lending for both owner occupiers and investors continued to slide in June. |
|
Building approvals weakened further in June, following a big drop in May, to reach their lowest level since the end of 2006. |
|
New home sales increased moderately in June but were effectively flat over the first half of 2008. |
|
The latest HIA-Austral Bricks Trades Report confirms that labour shortages persist despite failing activity, suggesting that urgent reform is needed to the vocational education and training (VET) system to avoid a future skills crunch. |
|
The number of young Australians living at home is on the rise. Updated figures show the lack of affordable housing is locking Generation Y out of the housing market. |
|
Home lending for owner occupier housing weakened across the board in May. |
|
Building approvals fell in May, the third fall in the five months worth of updates for 2008. |
|
New home sales fell in May following a steady month in April |
|
The poor run of housing numbers continued with housing starts for the March quarter down 3.3 per cent on a seasonally adjusted basis. |
|
The number of loans for construction of owner occupier dwellings increased moderately in April. |
|
Following a dreadful first quarter in 2008, building approvals increased 7.8 per cent in April, offering some signs of improvement which will assist in pegging underlying demand for housing. |
|
New home sales failed to recover from a very weak first quarter of 2008. |
|
The HIA-CBA First Home Buyer Affordability Index fell by 3.5 per cent during the quarter to be more than 10 per cent lower than a year ago. |
|
Housing finance for both owner occupiers and investors is continuing to buckle under the weight of higher borrowing costs and high property taxes and charges |
|
Building approvals dropped in the month of March and were also down significantly over the quarter. |
|
The latest HIA-Austral Bricks Trades Report highlights a continuation in the shortage of skilled labour despite a decline in building activity. |
