Employees who choose to get vaccinated would be ordered to stay at home indefinitely, without being allowed to work, the president said.
Australian property prices could continue roaring higher as new housing supply continues to fall behind buyer demand. The latest ABS data shows that construction numbers fell sharply in April, down 13.3% on their March peak. At the same time, researchers and productivity commissions have warned that new supply needs to […]
After Spaniard Andres Canto fought with his mother, he started digging a hole that became a liveable bunker with a bedroom and living room.
The value of new residential construction grew 5.1% to $18.9 billion in the March quarter, the Australian Bureau Of Statistics says. Expenditure on residential construction was 4.2% higher than the prior corresponding period, as homebuilders flocked into the market. Spending on non-residential construction lagged by comparison, falling 1.6% over the […]
Huge demand and years of underbuilding dragged supply to record lows. Millennials risk being priced out of the housing market if it doesn't rebound.
New house construction slowed for years after 2008, and morphed into a 2020 inventory crisis, but starts hit their fastest rate in 15 years in March.
The commencement of new private sector housing projects jumped 4% over the September quarter of 2020, with the value of major home alterations and additions climbing by 6.4%. Fresh data from the Australian Bureau of Statistics shows that commencements on other private sector dwellings dropped over the same period. The […]
Treasury has estimated that the federal government’s HomeBuilder scheme will create 9,600 jobs in the latest public-facing figures. Housing industry groups have disputed the new numbers, however, claiming they “grossly underestimate” the true impact of the $680 million program. Others are calling for it to be expanded, either for a […]
Treasury has revealed that several weeks into the HomeBuilder scheme, just 247 applications have been received. The government forecasts 27,000 Australians will eventually build or renovate their homes using the grants. While some states have not yet submitted data, it may suggest the scheme’s criteria remains too exclusive. Visit Business […]
Australian spending on home improvements and renovation has surged during the pandemic, according to consumer data analysed by Zip. The latest figures show the demand for tradespeople and things like security systems were already hot before the HomeBuilder scheme was announced. Meanwhile other businesses like pubs and bars that have […]
CoreLogic has revealed the ten areas in Australia with the most number of households eligible for HomeBuilder renovations. Dominating the list is Melbourne and Perth, with the two cities sporting seven areas with almost 800,000 eligible homes. However, the analysis shows that there’s likely to be far fewer Australians ready […]
The federal government’s $680 million HomeBuilder grants scheme has been panned as “an inadequate response” by Labor Party leader Anthony Albanese. Albanese criticised the entry point of the scheme, saying few Australians had $150,000 to lay out for renovations or a new home build. Albanese, the unions and activists all […]
Amazon and homebuilder Lennar announced on Wednesday that they’re collaborating on a series of model homes that will be fully technology enabled. The houses will make heavy use of Amazon’s Alexa technology, which residents will be able to use to control the TV, lights, thermostat, and shades, among other things. […]
Lennar has agreed to buy CalAtlantic Group for...
For a long time, millennials held to...