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Despite an almost universal shortage of new housing stock, high prices and cautious buyers are keeping the lid on the sale of new homes and units across Australia.
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The Housing Industry Association took another positive step to combat growing skills shortages in the residential construction industry, with the launch in Sydney today of its Youthbuild Foundation by the Prime Minister, the Hon John Howard.
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The Housing Industry Association today challenged governments to adopt a bold new plan for housing.
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A second consecutive rise in the value of new home lending has been welcomed by the Nations home builders.
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Inflation was higher in the September quarter, a result widely anticipated given the strength of energy prices. Nevertheless the overall profile for the Consumer Price Index remains consistent with the Reserve Bank maintaining its neutral position on interest rates.
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Today’s fall in house approvals provides a timely reminder that steady interest rates need to remain the status quo.
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“HIA welcomes the introduction of the WorkChoices reform legislation into Parliament. The onus is now on State governments to support what Australia needs – one flexible, borderless IR system,” HIA managing director Ron Silberberg said today.
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After 7 solid months of sales activity, new home sales have dipped in September.
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The number of housing starts in Australia fell moderately in the March 2005 quarter, providing further evidence that the housing industry is slowing but not falling in a hole.
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The peak building industry group, the Housing Industry Association, today welcomed the decision by the Federal Government to appoint a taskforce to identify practical options for alleviating the compliance burden on business but warned that for the hopes to be realised, the initiative had to be embraced by all levels of government.
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