Housing Prices Weather Financial Storm
HIA, Australia’s largest building association says the Australian Bureau of Statistics House Price Index for the September Quarter confirms house prices remained relatively flat during the period.
Every point counts
The HIA, Australia’s largest building industry association, welcomes the Reserve Bank’s decision today to lower interest rates by 0.75 per cent.
Red Tape Reform Also Now Needed
HIA, Australia’s largest building industry association, believes weak building approvals throughout 2008 to date confirmed the importance of rate cuts that will hopefully put a floor under new home building activity and stimulate a much needed recovery in the sector.
Reserve Bank and FHOG Increases are Welcomed
The Reserve Bank of Australia once again cut the official cash rate to 5.25%, a further reduction of 0.75%.
Aggressive rate cut welcome housing boost
Master Builders Australia, the peak building and construction industry, today welcomed the continued aggressive stance taken by the Reserve Bank of Australia in reducing the official cash rate by three quarters of a percentage point.
Housing Approvals Slide
Dwelling approvals were in steep decline in September, validating aggressive moves by the Reserve Bank to lower interest rates, according to Master Builders Australia, the peak body for the building and construction industry.
Australian building activity shrinks again in October-rpt
Australian building activity shrunk for the eighth successive month in October, the latest data pointing to a slowing economy shows.
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