Read full article: [Residential building approvals fall sharply in Australia, loans down too]
Building approvals in Australia fell sharply, down 40.4% in July 2012 mainly due to a big decline for non detached dwellings, but better figures for previous months mean that over the quarter to the end of July they are up by 38.8%.
Housing affordability in Australia has declined by 4.8% across the country during the past five years, according to a new analysis by PRDnationwide.Read full article: [Housing affordability drops in Australia, research shows]
Lending for new properties in Australia rose convincingly in June, according to the latest figures from the Australian Bureau of Statistics.Read full article: [New home sector in Australia sees steep rise in lending]
Home prices in Australia’s eight capital cities increased by 0.5% in the second quarter of this year compared with the first three months of 2012, the latest figures show.Read full article: [Australian cities see home prices rise for first time in almost two years]
New home sales increased for a second consecutive month in June 2012 due to a spurt in multi units, said the Housing Industry Association, the voice of Australia’s residential building industry.Read full article: [New homes sales increase in Australia, latest data shows]
There is persistent and widespread weakness in the home building industry in Australia, according to the latest Trades Report from the Housing Industry Association, the voice of Australia’s residential construction industry.Read full article: [Home building industry in Australia suffering from persistent and widespread weakness, says new repo]
The latest residential land update signals that weakness in the new home building sector in Australia will persist throughout the remainder of 2012.Read full article: [Australian residential land sales increase but new home building sector still weak]
Median asking rents for houses in Australia increased nationally by 0.7% while apartment rents went up by 2.5% in the there months ending in June, the latest Australian Property Monitors report shows.Read full article: [Property rental prices rise in Australia with apartments in demand]
New home lending in Australia has slipped back in May after increases in March and April, the latest figures from the Australian Bureau of Statistics show.Read full article: [New home lending falls back in Australia]
Approvals to build new homes in Australia surged by the most on record in May as a number of major apartment projects got the go ahead, providing an important boost to what had been one of the softest sectors of the economy.
Australia’s sluggish residential property market is set to recover in the next three years but not in all cities, according to the latest report from business research company BIS Shrapnel.Read full article: [Some Australian cities set to see property growth by 2015]
The new build property sector in Australia needs urgent investment and reform to boost the country’s new housing supply, it is claimed.Read full article: [Urgent investment needed to combat weak new build property sector in Australia]
Preliminary figures published by the Australian Bureau of Statistics provide a disappointing update for residential construction in the March 2012 quarter, according to the Housing Industry Association, the voice of the country’s residential building industry.Read full article: [Home construction and renovation falls in Australia in first quarter of 2012]