Housing Rebound Spreads

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 value index has recovered 4.7 […]

Confidence Returning to Housing Market According to the HIA

Pymble kitchen L shaped white island kitchen sink window

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 the latest dwelling prices, mortgage […]

Major Builder Wins Echuca-Moama Bridge Project Contract

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 rivers along with two new […]

What’s changed for first home buyers?

Epping new home front

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 the 22 years between 1996 […]

House Values Stabilise in July

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 cent, while regional values fell […]

Average Household Wealth Passes $1 Million

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 nearly $749,000 in 2005–06. The […]

Sydney trials world-first concrete road made from industrial waste

New segment of geopolymer road next to classic concrete

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 steel manufacturing plants. The City […]

Road and Rail Infrastructure Spend Further Planned in NSW

Construction progress of a major renovation with red tarp

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 investment will deliver on the […]

Wood Waste, The New Building Material

Single storey extension with landscaped front yard and mail box

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 volume of wood waste being […]

HIA Affordability Index Shows Affordability is Improving

second storey addition grey rendering street view bushes

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 of 2018 as house price […]