Downturn In Activity Will Hold Up Prices
Australia’s most comprehensive report card on the residential sector highlights a weaker short term outlook reflective of sharply higher borrowing costs, labour rates, and building materials prices.
Qld Housing Strength Set to Wane in 2008 and 2009
The most comprehensive report card on the residential sector in Queensland highlights a pause in new home building activity reflective of sharply higher borrowing costs, labour rates, and building materials prices.
Higher Costs Hitting New Home Sales Hard
The first March 2008 update for the Australian residential sector is a weak one.
Drop In Activity Yet Skills Shortages Remain
The latest HIA-Austral Bricks Trades Report highlights a continuation in the shortage of skilled labour despite a decline in building activity.
Building Approvals Confirm Worsening Housing Shortage
Building approvals dropped in the month of March and were also down significantly over the quarter.
CPI Reading Underlines Need For Investment
The cost of living is increasing at a faster rate than in any period (except for the GST introduction) since the mid-nineties and most of this increase is being driven by life’s essentials such as rents, fuel, pharmaceuticals, and household energy needs.
Major Cities Unit a welcome initiative
Australia’s peak building and construction industry association, Master Builders Australia, has strongly endorsed the Government’s decision to establish a Major Cities Unit to address the needs of Australia’s cities, saying that the initiative is long overdue.
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