Rate Decision The Right One
The HIA welcomes today’s Reserve Bank announcement that official interest rates will remain on hold in May. There is need to provide both investor and consumer confidence to improve issues such as housing affordability and stability or downward movement in interest rates is essential in this regard.
Housing Finance Drops Sharply in March
Housing finance for both owner occupiers and investors is continuing to buckle under the weight of higher borrowing costs and high property taxes and charges.
Building Approvals tumble under Weight of Rate Rises
Dwelling approvals are set to collapse further as the fallout from recent rate rises starts to bite, according to Master Builders Australia, the peak body for the building and construction industry.
Interest Rates Continue to Hit Home Lending
The drop in home lending in March is the second big monthly fall in a row with more to come, according to peak building and construction industry organisation Master Builders Australia.
The Gauge achieves a 6 Star Green Star rating
The Green Building Council of Australia (GBCA) has awarded The Gauge, the evolutionary new Lend Lease commercial development at 825 Bourke Street, Victoria Harbour, Melbourne, a 6 Star Green Star - Office Design Certified Rating - recognising world leadership.
Premier launches first Green Star building in Tasmania
Prudentia Investments and Harvey Norman Limited created history today when Premier Paul Lennon officially opened the first Tasmanian office building to be awarded a prestigious 5-Star Green Star environmental rating signifying "Australian Excellence".
Rate rises hit home loans, construction sector -Builders
The drop in home lending in February is the beginning of further falls to come, according to peak building and construction industry organisation Master Builders Australia. Mr Wilhelm Harnisch, Master Builders' Chief Executive Officer, said "The two rate rises this year and the November 2007 rate rise are now having a significant impact on home buyers' confidence and can only result in further delaying the housing recovery well into 2009."
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