House Prices Dent Affordability
Following a sharp recovery from mid-2008, housing affordability conditions dipped in the June 2009 quarter due to increases in prices paid for established houses, according to the latest HIA-CBA First Home Buyer Affordability Report.
Home Lending Signals Lift in Construction
A healthy June quarter for new home lending points to a recovery in dwelling starts over the second half of the year said the Housing Industry Association, Australia’s largest building industry organisation.
Positive Trend in Housing Loans but Investment Housing in the Doldrums
Loans for construction and purchase of new dwellings continued to grow in June, with low interest rates and the First Home Owner ‘boost’ scheme underpinning demand, according to peak building and construction organisation Master Builders Australia.
The building sector helping to engineer a softer landing
Lending for housing sustained its recovery right through the first half of the year, boosting hopes that the economy is defying the odds and is managing a soft landing.
Monthly home loan approval is set to peak:economists
The number of monthly home loan approvals rose for the ninth straight month in June but look set to peak in the near future as the threat of rising interest rates looms.
Construction activity declined further in July, survey says
Construction activity contracted in July for a 17th consecutive month despite a pickup in house building, a survey shows.
Leighton Contractors wins $282m contract for busway
A key Leighton Holdings Ltd subsidiary has been awarded an $282 million contract by the Queensland government to extend Brisbane's busway network.
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