The number of dwellings approved in Australia fell by 3.2 per cent in January 2019, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today. “The trend for the total dwelling approvals series has steadily declined over the past year,” said Justin Lokhorst, Director of Construction Statistics at the […]
27 March 2019 | Daily Top Story: Australian Housing Values Continued to Trend Lower in February With CoreLogic’s National Index Down 0.7%
According to the CoreLogic home value index results released today, the pace of declining property values eased slightly over the month relative to the previous two months. However, housing values continued to trend lower with six of the eight capitals and four of the seven ‘rest of state’ markets recording a drop in values over […]
A building reform advocate has called for a royal commission into the national industry in the wake of combustible cladding on residential towers and cracked concrete in Sydney’s newly completed Opal Tower. Advocate group Builders Collective of Australia has written to Prime Minister Scott Morrison urging a broad-based royal commission following “appalling failures within Australia’s […]
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Australia’s economy has slowed further, with GDP growth tumbling under 2 per cent over the past year. Key points: Australia’s economy grew by 0.4 pc in the first quarter, taking year-on-year growth to 1.8pc, the weakest result since 2009 Domestic consumption was weak as households spent less and saved more Strong government spending and […]