Page 7 - Tom Devitt News Today

Following the ABS’ release of building activity data it has accumulated for the September Quarter 2022, the Housing Industry Association (HIA) says labour shortages are contributing to the slow pace of homebuilding nationwide.

Aussie home builders had been commencing more new projects that they had been completing, new data showed, as supply constraints and labor shortage continue to dampen construction activity. 

Land prices will continue to trend downwards, economist says

Booming Q3/22 building activity figures — even after rising rates started — have been recorded, latest ABS figures have shown.  

As higher interest rates are expected and the property market demand eases, economists expect further price falls in the coming months. Australian home values have dropped 8. 40 per cent since May 20

Up nearly 12% in 2022 but pressure easing

Latest new lending data has recorded drops across a gamut of categories, the ABS has revealed.         . . . more to come   [Related:     ]

Lending expected to continue to fall as the full impact of the rate hikes flows through to households

The Reserve Bank’s rate hikes have contributed to a slowdown in the number of dwelling approvals over 2023, HIA economist says. The latest monthly building approvals data released by the Australian

New data shows 9% decline in approvals for the month