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Tag: housing

Australia’s strengthening housing market extends the ‘wealth effect’

Buying intentions for motor vehicles turn higher, while the impact of bushfires and coronavirus has already started to affect travel spending intentions, according to CBA HSI readings.
eventFeb 18, 2020
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Home buying intentions reach record-high, according to CBA HSI readings

The latest monthly data from the Commonwealth Bank Household Spending Intentions (HSI) Series indicates that home buying spending intentions are running at a record rate with early signs suggesting a positive wealth effect is starting to re-emerge. CBA Chief Economist Michael Blythe says the data…
eventJan 22, 2020
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Australian PCI®: Construction continues to decline in September 2019

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped 2.0 points to 42.6 in September (2019), indicating a sharper rate of decline as the construction industry recorded a 13th consecutive month in contraction (readings below 50 indicate contraction in activity,…
eventOct 8, 2019
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Housing construction slow-down impact on GDP

The September 2019 GDP figure reflects the impact of the slow-down in housing construction activity on the Australian economy.
eventSep 9, 2019
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Demand for residential land fell in first quarter

“Residential lot sales across Australia fell in the first three months of this year (2019) to set a new record low for land sales,” said HIA Chief Economist Tim Reardon.
eventJul 24, 2019
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Housing lending stronger than anticipated

“Home lending figures released by the ABS today (July 11 2019) show the number of loans to households building new homes grew modestly in May (2019),” said HIA’s Senior Economist, Geordan Murray.
eventJul 11, 2019
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More good news for housing affordability

“The passing of the Federal Governments income tax package, means that millions of Australians will have extra income to put towards a deposit for a new home,” stated HIA’s Managing Director, Graham Wolfe.
eventJul 5, 2019
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APRA reduction in mortgage hurdle will boost housing activity

“The announcement by APRA that the mortgage serviceability test is to be relaxed is great news at a time when the potential exists for a recovery in new home building,” Master Builders Australia Chief Economist Shane Garrett said.
eventJul 5, 2019
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States suffer under stamp duty

“Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue,” explained HIA Chief Economist, Tim Reardon.
eventJul 4, 2019
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More evidence of post-election bounce in housing market

“The number of building approvals for new homes across Australia increased during May (2019), adding to evidence that Australia’s housing market is in the early stages of a recovery,” Shane Garrett, Master Builders Australia Chief Economist said.
eventJul 3, 2019
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ANZ decreases variable home loan rates

ANZ announced it will decrease variable interest home loan rates in Australia by 0.25%pa, following the Reserve Bank of Australia’s decision to reduce the official cash rate.
eventJul 2, 2019
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Westpac cuts variable home loan interest rates

Westpac announced a range of mortgage rate decreases for variable home loan customers, including a reduction of .20% per annum (p.a) for owner occupier customers and a reduction of .30% p.a. for investor customers with interest only repayments.
eventJul 2, 2019
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