A new Moorabbin, Victoria residential development has been purpose-built to provide cheap accommodation. The project will deliver much-needed affordable housing in Kingston’s tight rental market. Appropriate tenants are being sought for the 75-apartmetn development, in South Road, near the Nepean Highway, that should be ready next month. The one- and two-bedroom units all have their own [...] [...more]
Australia’s new property sales have shown minimal growth this year, as property values overall are heading south. New home sales went up marginally by just 0.2 per cent in April to a mere 11,000 homes. That’s even lower than than the 4.3 per cent increase reported for March, and the lowest growth figures since sales shrank in [...] [...more]
HIA is urging the Federal Government to budget for an injection of more funds into the Australian housing market to address the under-supply issue While returning the budget to surplus is obviously a positive policy, it should not be achieved at the cost of cutting or neglecting the urgent need for productive investment in [...] [...more]
According to the Housing Industry Association , although the overall housing market is still quite weak there seems to be some improvement in the number of new home sales generated in March 2010. New home sales numbers increased by 4.3 per cent in March, following a 0.6 per cent gain in February. Detached homes [...] [...more]
Despite the escalating problem of shortage of housing in Australia and the overall decline in the levels of new property development, there appears to be a lack of adequate action on behalf of the government to address these issues. HIA has issued a call to the federal government to implement some strong measures in this [...] [...more]
The Building Revival Forum scheduled for tomorrow is expected to raise the need for an increase to the first-home owners grant for buyers of new homes in order to revive the dying First Home Buyer market. Industry will also seek a commitment from the State Government to significantly reduce stamp duty for off-the-plan purchase [...] [...more]
Australian economists are appealing to the federal government to take action to resolve the escalating housing shortage problem. The Housing Industry Association’s chief economist Harley Dale said they are anticipating that new housing construction numbers will be down by 15 per cent in 2011, wiping out a most of the short-lived, stimulus of 2010. “The fate of [...] [...more]
BUILDING approvals dived 4.2 per cent in November in a reflection of the impact of interest rate rises. Approvals fell 4.2 per cent to 13,158 units in November, seasonally adjusted, from an upwardly revised 13,728 units in October, the Australian Bureau of Statistics (ABS) said today. In the year [...] [...more]
Victorian Government announced the updated Victorian $12 billion Transport Plan. The plan includes a metropolitan train tunnel as well as a regional rail link, road tunnel and truck action plan for the gridlocked western suburbs. Shocked residents in areas of Melbourne’s west were left to guessing whether their homes would be snatched in the State Government’s [...] [...more]
WARRINGAH Council has made a decision to refuse subdivision of a controversial parcel of prime Brookvale bushland, one which a developer had wanted to build six homes. The developer lodged an application for a two-lot subdivision of the 97,800sq m block, which borders Warringah Rd, Beacon Hill Rd and Northcliffe Ave. While an environmental protection order [...] [...more]
