Population Up, Building Activity Down
HIA, Australia’s largest building industry association, said that a general weakness in leading housing indicators was persisting into the second half of 2008.
State Tax Revenue Continues to Escalate
The recently released Annual Report on State Finances shows that State Tax Revenue (Operating Revenue) has continued its meteoric rise, increasing from $5,718 million in 2006/07, to $6,339 million in 2007/08.
New Interest Rate Cycle Provides Some Hope
The HIA, Australia’s largest building industry association, says that falling interest rates over the next 12 months may provide some assistance in pegging the gap between underlying and effective demand for housing.
Engineering outlook bright despite June Quarter Hick Up
Engineering construction work done fell back in the June quarter but the outlook remains bright, according to Master Builders Australia, the peak body for the building and construction industry.
Further Rate Cuts Needed to Lift Dwelling Approvals
Dwelling approvals fell again in August as tight financial conditions continue to dampen confidence and delay recovery, according to Master Builders Australia, the peak body for the building and construction industry.
Large Rate Cut will Bolster Confidence
The building industry welcomes the full one percentage point interest rate cut announced today by the Reserve Bank of Australia, according to Master Builders Australia, Australia’s peak building and construction industry association.
Green Star goes Industrial
Warehouses and factories can now have a green makeover with the release today of the Green Building Council of Australia's new Green Star - Industrial PILOT rating tool.
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