EPBC single touch approval: sensible and long overdue reform
The Property Council of Australia has strongly welcomed the Federal Government’s response to the interim report into Australia’s environmental protection legislation.
Tag: property
Building efficiency for jobs and growth
An advocacy agenda released by a coalition of industry bodies is calling on governments to make every building count in Australia’s economic recovery.
Population growth continues to slow
“The Australian population continued to slow in the September 2019 quarter, driven by a reduction in overseas migration,” stated Tim Reardon, HIA’s Chief Economist.
Stimulus package welcome but challenges still ahead
The Federal Government’s economic stimulus package will provide welcome support for Australian businesses and households, but there are still significant challenges ahead as governments manage the public health response to the coronavirus outbreak.
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.
Jobs boost as construction begins on new Chevron headquarters
WA Premier Mark McGowan turned the first sod signalling the start of construction on Chevron Australia’s new headquarters at One The Esplanade in Elizabeth Quay, Perth.
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…
Economic growth concerns weigh on property industry sentiment
Property industry sentiment across Australia has retreated from its post-federal election bounce to below the historical average according to the latest ANZ/Property Council Survey for the December 2019 quarter.
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.
Property industry confidence shows post-election jump but challenges remain
Property industry confidence has jumped following the federal election outcome in a positive sign for the Australian economy, but the Property Council has warned that a number of economic factors remain challenging for the industry which is Australia’s largest employer.
APRA lending guidelines and income tax cuts provide welcome confidence boost
APRA’s decision on residential mortgage lending guidelines and successful passage of the Federal Government’s personal income tax cuts package will provide a welcome shot of confidence for the property sector at a critical time for the Australian economy.
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.