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The National Australia Bank monthly business survey showed its conditions index rose by a further six points in September, buoyed by its trading and profitability sub-indices. “After some volatility in the two months, conditions are around the level seen pre-COVID,” NAB group chief economist Alan Oster said. “Employment continues to

The housing market continues to look strong, NAB Group Economists said this week. NAB’s July 2020 Australian Housing Market Update reports that the past month has seen a further improvement in housing market activity from both a sales and listings perspective, although home values continued to drift lower across most

Tradies and builders in NSW will be allowed to work extended hours after the state government eased restrictions to help businesses survive the coronavirus pandemic. Minister for Planning and Public Spaces Rob Stokes introduced the “extraordinary orders” under the Planning Act last Thursday, 2nd April. Building sites will now be

Residential property prices rose in most capital cities in the December quarter 2019, according to data released last week by the Australian Bureau of Statistics. The figures show a 3.9 per cent rise nationally, driven largely by further hikes in Sydney and Melbourne, where prices rose 4.7 per cent and

Sentiment is solid for a good start to the year 2020, new research suggests. The ANZ/Property Council Survey for the March 2020 quarter shows that strong house price expectations over the next 12 months have offset modest confidence in the economy, to deliver an improved outlook for the property industry.

Home values lifted for the fifth month in a row in November, with all states registering improvement, new figures show. CoreLogic’s national Home Value Index lifted 1.7 per cent over the month, delivering the largest monthly gain since 2003. From its lowest point in June this year, the national dwelling

According to HIA Chief Economist, Tim Reardon, the cuts to interest rates have more than offset the rise in home prices to ensure an ongoing improvement in housing affordability. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account

Stage three of a contract that will see a second river crossing built between Victoria and New South Wales at Echuca and Moama has been awarded, with construction set to begin in 2020. McConnell Dowell Contractors will undertake the construction works and deliver new bridges over the Murray and Campaspe

The past twenty years have brought many changes to our daily lives, such as the impact of social media, wireless technology, a greater awareness of the fragility of our planet – and even first home purchasing. Research conducted by the Australian Housing and Urban Research Institute (AHURI) has revealed that

National dwelling values stabilised in July, with five of the eight capitals recording a slight rise in value. The latest CoreLogic Hedonic Home Value Index results, released this week, show that nationally, total home values remained unchanged from the previous month. Values in the combined capitals rose by 0.1 per

Average household wealth passed the $1 million mark in 2017–18, a rise of 37 per cent compared to just over a decade ago, according to an Australian Bureau of Statistics (ABS) report released today. ABS Chief Economist, Bruce Hockman, said in 2017–18, average household wealth was $1.02 million compared to

A new type of concrete is being trialled in Alexandria, Sydney as part of the City of Sydney’s commitment to reduce carbon emissions. In a world-first green road trial, a 15-metre section on Wyndham Street has been replaced with Geopolymer concrete made using industrial waste from coal-fired power stations and

Unprecedented investment in road and rail projects across NSW will be taken to the next level, with $55.6 billion allocated across the next four years to invest in transport infrastructure, easing congestion and keeping the community moving. This includes $32.2 billion for public transport projects and $23.4 billion for road projects. Minister for Transport and Roads Andrew Constance said this

Wood waste could become the building material of the future, creating stronger, more watertight homes with a lighter footprint on our environment. Researchers from the National University of Singapore have come up with an innovative way to turn biochar from sawdust into cement, as an alternative use for the large

Housing affordability is improving across most Australian capital cities, helped by recent falls in property values. The Australian Housing Industry Association’s (HIA) Affordability Index rose by 0.2% in the March quarter, largely reflecting price declines in Sydney. “Affordability improved in most of Australia’s capital cities during the first three months

Women across Australia are taking over the reins when it comes to the property market, with findings from Westpac’s annual Home Ownership Report showing women are now significantly more likely than men to be considering a range of housing actionsin the next five years (71% vs men 61%). The research

Australian home prices fell a further 0.7 per cent last month and are now down nearly 7 per cent from their peak, as the downturn extends beyond Sydney and Melbourne. Sydney and Melbourne have still suffered the worst fall over the past year, down 10.4 and 9.1 per cent respectively.