The Property Council of Australia has welcomed the updated guidance from Safe Work Australia (SWA) on the ‘COVIDSafe’ use of lifts in office buildings.
“Building approvals rose by 1.8 per cent in the March quarter 2020 compared to the previous quarter, providing further evidence that the housing market had momentum going into 2020,” stated HIA Chief Economist, Tim Reardon.
NSW Planning & Public Spaces Minister Rob Stokes should be commended for his decision to bring in new rules to allow construction sites to operate on weekends and public holidays during the COVID-19 pandemic, said David Bare Executive Director of HIA NSW.
The AWU and Master Builders Australia are jointly calling on governments to ensure the building and construction industry continues to operate, because without it the economic knock-on effects would be devastating on a scale that would dwarf what we have seen to date.
“As the Australian government looks to respond to the current global financial uncertainty and identify appropriate policies and stimulus measures to enact, the residential building industry should be one of the most supported,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
“Residential building continued to contract in the final quarter of 2019, weighing on overall economic growth,” said Diwa Hopkins, HIA Senior Economist.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.4 points to 42.7 in February 2020, with further improvement in house building activity contributing to the industry’s milder rate of decline this month (readings below 50 indicate contraction in…
The value of new loan commitments for housing rose 4.4 per cent in December 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics figures.
CIMIC Group announced the promotion of Juan Santamaria to Chief Executive Officer and Managing Director, from Managing Director of CPB Contractors, effective from 5 February 2020.