Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

New home building eases back in April

By Tim Neary
10 June 2019 | 1 minute read
builder tools reb

The number of loans to households building new homes continued to fall in April, driven by a number of factors, according to the HIA.

The HIA’s senior economist, Geordan Murray, said most notably these were around breaks in continuity and confidence.

“A number of factors are likely to have weighed on the market activity during the month, notably the succession of holidays around Easter and Anzac Day along with a higher degree of uncertainty as the federal election approached,” he said.

“Home lending figures released by the ABS today show the number of loans to owner-occupiers financing the construction of a new home fell by 5.2 per cent in the month.”

He said a trend is evident.

“Softer lending in the segment is consistent with the drop in new detached house sales in the major east-coast markets over recent months.

“The number of loans to owner-occupiers purchasing new homes that have already been built posted a modest lift in the month. This lift is likely to reflect settlement of multi-unit dwellings purchased off the plan as these projects reach completion.”

Mr Murray said today’s figures also show further contraction in value of lending for home renovations and to investors.

“Overall, April was another soft month for home lending, and with pre-election uncertainty reaching a peak in May, we are unlikely to see an improvement next month.

“There has been a marked improvement in housing market sentiment in the weeks following the federal election. When combined with the RBA’s rate cut and the prospect that APRA may allow lenders a greater degree of flexibility in assessing loan serviceability, there is cause to be optimistic that lending activity could improve as the year progresses.”

New home building eases back in April
builder tools reb
lawyersweekly logo
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.