The housing sector may be struggling, but there is still a shortage of skilled labour in some parts of the building sector, a study has found.
The Housing Industry Association Trades Report, released today, showed five of the 13 housing trades were under-supplied in the March quarter.
Perth’s residential property market is displaying renewed softness, according to figures released today.
RP Data-Rismark’s quarterly look at house prices put the Perth median value at $460,325 for all dwellings, down 0.8 per cent on the previous quarter.
Cedar Woods has celebrated a decade of development in Victoria by acquiring a seven-hectare development site in Melbourne’s north-west for $12 million.
The site, in St Albans, is located 17 kilometres from Melbourne’s CBD and is in close proximity to public transport links.
The Housing Industry Forecasting Group is predicting a slow recovery for the Perth new homes sector, with dwelling starts down 11 per cent this year on last.
The HIFG predicted 18,500 dwelling starts in financial year 2012, down from 20,753 in FY2011.
Australia's housing and retail sectors have called on the Reserve Bank to deliver a 50 basis point interest rate cut to boost consumer sentiment, after a survey showed new home sales have fallen to their lowest level in more than a decade.
Confidence is returning to the residential property sector, the Real Estate Institute of Western Australia says, with a strong lift in sales activity across the state in the March quarter.
Australian house prices made modest gains in the first three months of the year but were still negative over the 12 months to March 31, a report by an online real estate data group says.
Residential developer Port Bouvard has received final environmental approval from the federal government for its Point Grey 3,000-lot master-planned community near Mandurah
House prices in Western Australia's booming Pilbara region are continuing to outpace major capital cities, with recent sales fetching $300,000 more than the Sydney median.
Overall home sales reached their highest level for two years in the March quarter, with first home-buyers key to the recovery, according to the Real Estate Institute of Western Australia.
Land sales figures for the December quarter have highlighted serious issues with state and national government policies, the Housing Industry Association says.
Demand for rental accommodation in Perth has stabilised, according to the Real Estate Institute of Western Australia, despite rents rising slightly over the past few weeks.
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