The highest level of dwelling starts (nationally) since records began was achieved in the September – December 2014 quarter.
This a a great sign of market health for potential owner builders.
There was a huge and historic lift in dwelling commencements with an all-time record high of 54,400 starts
In seasonally adjusted terms, starts jumped a massive 12.5 per cent in the September quarter, with strong increases in NSW, Queensland and the ACT
The record highs are predominantly driven by multi-unit dwellings with New South Wales, Victoria, Queensland, and Western Australia recording their strongest ever quarters.
Good news for Owner Builders / Residential Building
-Interest Rates to Remain Very Low in 2015
-The annual rate of inflation fell sharply during the December 2014 quarter, reinforcing the prospect of a low interest rate environment for the foreseeable future
-The headline rate of inflation dropped to 1.7 per cent during the December 2014 quarter, the lowest inflation rate since mid-2012.
-The big drop in oil prices over recent months is helping to restrain cost of living pressures. Fewer price pressures in the economy mean that a policy of very low interest rates is both justified and necessary. This is against the backdrop of below trend economic growth and unemployment persistently above 6 per cent.
Source : HIA
NSW home building remains Strong
Positive news for Owner Builders.
In a record November national result, total seasonally adjusted residential building approvals in NSW fell in November 2014.
Despite a very modest decline in approvals in the month of November, the overall level of activity in NSW remains very healthy and points to a good start to 2015 for the residential construction industry.