13 August 2020 Posted In: Uncategorized

Australian Property Investor

The federal government’s $688 million HomeBuilder initiative has stopped a decline in new home sales across Australia, with improving market confidence flowing into new builds.

Data from the Australian Bureau of Statistics showed COVID-19 initially caused a plunge in new home construction in all states, but that fall was now being cushioned by the government grants on offer.

To read the story in full, including information from the Urbis/UDIA Home Purchaser Sentiment Survey, click here.

Related Posts

Labor shelves contentious ‘nature positive’ laws after West Australian backlash

ABC News The Albanese government has shelved plans to pass their “nature positive” environmental laws before the election, following backlash from West Australian Premier Roger Cook and the state’s industry. With parliament returning this coming week, Labor will not try to negotiate the passage of the bill, which would create a new federal environment protection […]

Read more

Claremont Council takes Stirling Highway to new heights

PerthNow CLAREMONT Council is paving the way for a new apartment, shop and business strip to eight storeys on Stirling Highway. Councillors have amended the Stirling Highway Local Development Plan, allowing for six storeys on the strip’s 70 blocks, and up to eight at two designated landmark sites, between its town centre and Loch Street. […]

Read more

The hefty price of WA’s medium density creep

The West Australian If medium density development continues in its current form, every duplex, triplex or low-rise dwelling would cost the community $29,000 over the next 20 years, according to Rita Saffioti. Speaking at a function hosted by the Urban Development Institute of WA last week, Ms Saffioti said the current proliferation of medium density […]

Read more