Australia’s construction industry performing poorly: AIG/HIA
Australia’s construction industry continues to contract, with the latest AiG/HIA Australian Performance of Construction index at 43.2 for the month of August.
Home prices up 0.4% as home sales plummet to 18 month low
Home prices across Australia remain stagnant, increasing by 0.4 percent in July after falling by 1 percent in June, compounding the lowest new home sales volumes seen in 18 months.
Housing affordability close to ‘record lows’ in HIA-CBA report
Housing affordability in Australia is close to record lows according to the HIA-CBA Housing Affordability Report for the June quarter 2010.
Tony Abbott’s $20 billion infrastructure bonds a winner: HIA
Tony Abbott’s announcement of coalition policy to raise $20 billion in funding for infrastructure projects through a public bond issue has the support of the Housing Industry Association.
Housing construction to stall across Australia: Report
New housing construction is set to stall across Australia, with the brakes applied to the post-GFC recovery after a significant tightening of monetary policy by the Reserve Bank of Australia.