Weak Detached House Approvals In November
Building approvals rose strongly in November but only thanks to a big jump in the volatile multi-unit segment.
Pause in Qld Home Building Approvals in November
Against the strong growth nationally, November home building approvals in Queensland might have fallen by 5.7% in November but they are still well ahead of the same time last year. The national growth has been driven by strong multi-unit approvals in New South Wales.
Spike in Dwelling Approvals may be a Flash in the Pan
Dwelling approvals kicked higher in November but there are questions about the sustainability of the recovery, according to Master Builders Australia, the peak body for the building and construction industry.
Australian construction activity hit 23-month high in Dec
Australian construction activity expanded for the fourth straight month in December, with the pace of growth increasing as the industry shrugged off November's rate rise, a survey shows.
Higher oil price expected to put up home building costs
Higher petrol prices and the flow-on effects of union wage demands could push up home building costs, housing industry economists say.
Occupancy permits to be issued before residents move in
Moving into a recently built building before an occupancy permit is issued is an offence. Occupants need to ensure they have an occupancy permit, otherwise they risk not only being prosecuted but also their safety.
All Homes Must Have Smoke Alarms Installed And Working
Building Commissioner, Tony Arnel, urged Victorian homeowners to ensure that smoke alarms are installed and working.
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