Housing australians the outlook for australia s residential construction industry
Download
1 / 36

Housing Australians The Outlook for Australia’s Residential Construction Industry - PowerPoint PPT Presentation


  • 111 Views
  • Uploaded on

Housing Australians The Outlook for Australia’s Residential Construction Industry. Graham Wolfe HIA Chief Executive – Industry Policy & Media 20 September 2012. Population Growth – Australia. NET OVERSEAS MIGRATION - NSW. New housing starts in New South Wales. NET INTERSTATE MIGRATION - NSW.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Housing Australians The Outlook for Australia’s Residential Construction Industry' - sally


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Housing australians the outlook for australia s residential construction industry

Housing AustraliansThe Outlook for Australia’s Residential Construction Industry

Graham Wolfe

HIA Chief Executive – Industry Policy & Media

20 September 2012















The world is a worry
The world is a worry

Europe is a basket case, but …

  • … it’s finding a way to muddle through.

  • Confidence, credit, and exposure for East Asia are the key linkages to Australia.

    Updates on the US economy are patchy

  • One recent, large, positive – the housing market seems to be recovering

    China holding up “okayish”?

  • China has slowed, and there are some concerns, but…

  • … these concerns still look over-played.

  • East Asia in general is slowing down and the focus is here to stay for a while.







It s a synchronised downturn and
... it’s a and ...synchronised downturn and …


Renovations are also sliding
… renovations are also sliding and ...

  • Renovations investment has fallen over four consecutive quarters.



The good and bad easing dwelling prices
The good and bad: easing dwelling prices and ...

  • Do we really need to scare the living daylights out of people?


Median dwelling price
Median and ... Dwelling Price

Baby boomer FHB

aged children

GFC-induced stimulus

4% unemployment

Baby boomer investors

6% Interest

rate

17% Interest rate

4.25% Interest rate

6.9% unemployment

Infrastructure levies surge

Sydney is FULL! and

GST commences

Unemployment 8.5%


The good and bad falling interest rates
The good and bad: falling interest rates and ...

  • Are we at the end of the line?










So what now
So, what now? and ...

  • There remain many short term challenges to residential construction, …

  • … both new home building and renovations.

  • The renovations model is changing and that brings opportunity.

  • So too does state governments realising things have to change on the new home building front.

  • People will adjust to the ‘new world’ for housing prices and with that will come opportunity as well.

  • Australia’s housing backyard needs work and HIA will keep up the fight.

  • The key challenge is uncertainty around when we will see ‘the turn’.


Thank you for your time graham wolfe hia chief executive industry policy media september 2012
THANK YOU FOR YOUR TIME and ...Graham Wolfe HIA Chief Executive – Industry Policy & MediaSeptember 2012


ad